Wednesday, December 5, 2012

Commissioner's Sale Set for March 13th in Greencastle

From the Greencastle Banner-Graphic:


An additional event on the county calendar for 2013 will be a Wednesday, March 13 commissioners sale.

Treasurer Sharon Owens presented the details of the sale to the commissioners. The live sale is set for 10 a.m. in the courthouse lobby.

When properties are not sold in a tax sale, the liens go into the name of the county commissioners. Following the most recent tax sale, this list included 201 properties -- 174 of which are at Heritage Lake.
The commissioners have the discretion to choose what properties they want to sell and to set a minimum bid for each property.

The minimum bid for the March sale has been set at $25 per parcel.

Unlike a tax sale, in which owners have one year to pay the delinquent property taxes, costs and penalties to keep the property, in a commissioners sale, owners have only 120 days.

The idea of both tax sales and commissioners sales is to return delinquent properties to the tax roll so the county may again collect tax money from them.