Porter County officials held their annual delinquent property tax sale on Oct. 24, resulting in the collection of $1,873,858 in delinquent taxes from owners and buyers.
The sale was conducted by County Auditor Vicki Urbanik and County Treasurer Michelle Clancy. A property tax sale is required to be held in each Indiana county for those properties where an owner 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 Porter County, offered 462 parcels to 53 bidders. Prior to Tuesday’s sale, owners of 411 other tax delinquent parcels paid their taxes in full to remove their properties from the sale.
In total, 516 parcels had all taxes, penalties, and costs paid in full. “Tax sales are a necessary function of county government,” Clancy said. “It is only fair to the people who pay their property taxes every year to pursue those who do not pay.”
For the 357 properties that did not sell, the County Commissioners acquire a tax lien. The Commissioners may offer those properties to the public at a sale at a later date. “It is our ultimate goal to return these properties to the tax rolls as quickly and efficiently as possible,” Urbanik said. “Property owned by people who pay their property taxes help ensure that our local government services are fully funded.”
For more information on property tax sales, see www.sriservices.com