INDUSTRY NEWS: TAX SALES

First Ever Online Tax Sale Brings in $115,000

Monday, December 9, 2019   (0 Comments)
Posted by: Carly Cahur
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Tuesday’s delinquent tax sale of properties inside the Morristown city limits – the first ever conducted with online bidding – brought in $115,000 in previously uncollected tax on sales of $358,000, officials say.

After a 90-day redemption period – three months in which the tax debtors can reclaim their property by settling their tax debt – the vast majority of sales will become final, according to Morristown City Attorney Lauren Carroll, who says the redemption period is longer for properties that haven’t been on the delinquent-tax list for as long.

Read the whole article here


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