Treasurer schedules another tax lien auction
The 11th public auction for tax liens could bring in close to $1 million in delinquent taxes to the county and schools.
Set for Nov. 23 at the Lawrence County Courthouse, there will be 427 parcels put on the auction block, Lawrence County Treasurer Stephen Burcham told the commissioners at their Thursday meeting.
If all parcels are sold or redeemed by property owners, delinquent taxes, fees and penalties will add up to $795,000.
Over the past six years there have been 10 public sales and 35 negotiated sales that have brought in $5.8 million. The latter has been with TaxEase of Cincinnati that is in the second of a three-year contract with the county. Burcham started the tax lien sales where individuals or companies purchase the liens with the eventual possibility of owning the property through foreclosure.
The lien owners must wait a year before they can begin foreclosure proceedings.
Through foreclosures properties that have become eyesores have been razed.
“This public auction will help move and address parcels that have been abandoned,” Burcham said.
On Sept. 30, the county had $5 million in the bank and the treasurer renewed two CDs — $1.8 million and $500,000 — for a year at .40 percent interest rate.
Sales tax came in at $782,144 or $29,368 under the tax collection in September 2014. Year to date sales tax is $86,384 more than last September.
In other action the commissioners:
• Approved the demolition of property on County Road 14, Waterloo, and Township Road 120, Chesapeake;
• Received September’s grand jury report;
• Appropriated the remaining $5,000 of the $135,000 the commissioners borrowed from Burcham’s Neighborhood Investment Program in July at 2 ¼ percent to pay for new electronic poll books. That must be paid back in five years.