2011-09-20 / Front Page

Delinquent Property Tax Sale Nets $897,918 From 190 Properties Paid Prior To Sale And Sold At The Sale

Putnam County officials held their annual delinquent property tax sale on September 14, 2011. The sale was conducted by County Auditor Stephanie Campbell and County Treasurer Sharon Owens. A property tax sale is required to be held in each Indiana county for those properties where an owner of real estate fails to pay the property taxes from the prior year’s first property tax bill installment. A tax lien on the property may be sold to satisfy the tax obligation to the highest bidder. The owners of the properties sold at the tax sale have one year to pay the delinquent property taxes, costs, and penalties, to keep the property. The sale, conducted by Indianapolis-based SRI Incorporated on behalf of Putnam County, offered 325 parcels to 34 bidders. SRI conducts tax sales in 83 counties in Indiana, Michigan, and Colorado.

This year’s tax sale resulted in the collection of $897,917.99 in taxes, penalties, and costs from owners, which paid in full prior to the sale and buyers the day of the sale. Treasurer Sharon Owens said, “It is our ultimate goal to return these properties to the tax rolls as quickly and efficiently as possible. Tax sales are a necessary function of county government. It is only fair to the people who pay their property taxes every year to pursue those that do not pay.”

For the 260 properties that did not sell, the county commissioners acquire a tax lien. The county commissioners may offer those properties to the public at a sale at a later date. County Auditor Stephanie Campbell commented,” Property owned by people that pay their property taxes ensure our local government services are fully funded.”

For more information on property tax sales, visit www.sri-taxsale.com

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