County deed sale brings 162 properties back on the tax rolls
Wednesday, May 8, 2019
Posted by: Carly Cahur
MUNCIE, Ind. – The Delaware County commissioners' deed sale saw big success, according to officials, achieving the goal of bringing a lot of delinquent properties back onto the tax rolls.
Charlie Richmond, the Delaware County auditor’s first deputy, said that just over half of the properties on the overall list were sold. That equates to 162 properties of the 321 that were listed for the sale.
Because of the sale, the county brought in nearly $416,000 for the properties. Extra gains after the sale’s costs are paid go back to county's general fund and future tax and deed sales.
“It was a great effort working with Ed Carroll in the treasurer's office and Steve Craycraft's team in the auditor’s office,” Richmond said. “A lot of staff work was put into this and we are really happy with the turnout.”
The commissioners decided last fall that they would hold the deed sale as an additional sale for any property that remained unsold after the annual tax sale.
While the additional sale itself costs a lot of money to put together, officials have said that moving non-tax-producing properties from a severely delinquent status back onto the tax rolls is worth the effort.
As for the bids, the lowest bid in the sale was $350 because of a minimum bid of that amount set by the county. If a property had a structure on it or was listed as a commercial lot, the minimum bid was $550.
Commissioner Sherry Riggin attended the sale to see how the turnout was and said she was pleased with nearly 400 people who were in attendance.
According to Richmond, there were 207 registered bidders in the sale, with 92 of them becoming the actual buyers of the properties sold.
County officials said they would plan another deed sale in approximately 60-90 days for unsold property and ones that couldn’t readied for this sale.
More information about that future sale would come from officials at a later date.
Read the original story here.