INDUSTRY NEWS: TAX SALES

Tax lien sales help county budget

Wednesday, July 30, 2014   (0 Comments)
Posted by: Morgan Mains
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Flathead Publishing Group

The money came from 250 tax liens purchased by private investors. Tax liens are placed on Flathead County private properties that are behind in...

The lien purchases allow the Flathead County treasurer’s office to clear up back taxes, and help pay for ongoing expenses of the county, such as schools, law enforcement, and other county functions. The sale of the liens also helps the county reduce its outstanding tax liabilities. Prior to lien purchases becoming popular, Flathead County had to budget for a 7 to 10 percent tax delinquency. Now, that delinquency rate is around 5 percent, according to Krantz.

This year was the first time in her 31 years at the county treasurer’s office that the county’s outstanding personal real estate property tax liabilities were less than $1 million, chief deputy Sue Waggener said...

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