Marion County captured more than $3 million from a recent sale of tax-delinquent properties. The amount represents what the city was owed in delinquent taxes and for property upkeep. It will be divided among 42 units of government.
Of the 2,184 properties up for auction, 929 sold. The sale brought in $13 million above the city’s expenses. That money can be claimed by owners who are losing the properties. If it’s not claimed within three years, the county gets to keep it.
The county had fewer tax-delinquent properties on the auction block this year than it has since the recession began in 2008, when there were 3,792. In 2009, 6,943 were up for auction, and 3,897 were offered last year.
This year’s sale wrapped up Sept. 23.
Properties that sold can be claimed by previous owners in the next year if they pay the taxes owed. The properties that didn’t sell will fall into county ownership in about eight months.