From the Kokomo Tribune:
What can you buy for $15? Early next year, you could snag a piece of Miami County property.
On Monday, commissioners approved the paltry $15 price tag in an aggressive effort to get properties with delinquent taxes into the hands of tax-paying citizens and back onto the county’s payroll.
The proposal comes after a recent tax sale in which just 48 properties with unpaid taxes were purchased out of 192 up for sale. The auction brought in nearly $77,000.
Now, commissioners want the remaining 144 properties — which have a total $446,500 in unpaid property taxes — to be sold at a commissioners’ sale slated for January, and they hope the $15 starting price will entice buyers to the auction.
Commissioners first considered only charging $1 for parcels, but decided to slightly raise the price in order to cover the county’s advertising and auction expenses.
Debbie Cunningham, land deputy in the auditor’s office, said although $15 is the starting price on the auctioned properties, buyers can expect to pay around $600 for attorney fees and title searches on the parcels.
She said most of the properties are located in Peru, and some contain dilapidated structures that need to be fixed or torn down.
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http://kokomotribune.com/local/x905910296/Miami-Co-puts-15-price-tag-on-land
