County collects on delinquent properties
NORWICH – The Chenango County tax sale covered the amount owed in back taxes, penalties, interest and more according to a tentative total provided by the county treasurer.
A total of 57 properties throughout the county received bids totaling $759,818.49 at the June 29 sale. The properties were in arrears for taxes, penalties, and interest totaling $421,732.41, leaving the county with a net profit of $277,559.67 minus staff, title search and other costs incurred by the county’s Real Property Tax Services office.
Chenango County Second Deputy Treasurer Barbara Strier reported there were still eight properties that had not received bids and the end total could change due to bid forfeitures. “We still had better results (than previous years),” she reported.
Thirteen of the properties were sold to adjacent property owners which is a preferable outcome, according to Strier. Five properties had from 14 to 18 bidders each. A parcel in Pharsalia on North Road valued at $44,500 went to the highest bidder of $90,460. Norse Energy Inc., the natural gas company drilling in Chenango County, bid on properties in Coventry, Pharsalia and Smithville.
There will be a second day of bidding on Sept. 29 in order to sell the remaining eight properties.
Based on returns filed in mid June, more than $5.34 million in property taxes went unpaid in Chenango County this year. The amount compares to more than $4.29 million that went unpaid in 2008, $4.84 million in 2009 and $5.06 million in 2010.
“This negative trend shows that people are clearly struggling to pay their taxes,” said county Treasurer William Craine.
“It has been a stressful time for people whose properties are in jeopardy, very emotional. Our staff was pushed around a lot, but maintained their professionalism,” he told members of the Finance Committee meeting last Thursday.
Recently, issues have been raised with the Board of Supervisors about the number of properties protected from foreclosure under bankruptcy protection laws. However, according to Craine, none of the properties up for auction in this year’s sale tax had been in bankruptcy court.
There were approximately 100 such delinquent properties in the county that couldn’t be foreclosed on due to bankruptcy protections, according to the treasurer’s office earlier this year.
The county is obligated to pay towns their taxes up front and then collect the amount back over a four or five-year period through annual sealed bid sales of delinquent properties.
A total of 57 properties throughout the county received bids totaling $759,818.49 at the June 29 sale. The properties were in arrears for taxes, penalties, and interest totaling $421,732.41, leaving the county with a net profit of $277,559.67 minus staff, title search and other costs incurred by the county’s Real Property Tax Services office.
Chenango County Second Deputy Treasurer Barbara Strier reported there were still eight properties that had not received bids and the end total could change due to bid forfeitures. “We still had better results (than previous years),” she reported.
Thirteen of the properties were sold to adjacent property owners which is a preferable outcome, according to Strier. Five properties had from 14 to 18 bidders each. A parcel in Pharsalia on North Road valued at $44,500 went to the highest bidder of $90,460. Norse Energy Inc., the natural gas company drilling in Chenango County, bid on properties in Coventry, Pharsalia and Smithville.
There will be a second day of bidding on Sept. 29 in order to sell the remaining eight properties.
Based on returns filed in mid June, more than $5.34 million in property taxes went unpaid in Chenango County this year. The amount compares to more than $4.29 million that went unpaid in 2008, $4.84 million in 2009 and $5.06 million in 2010.
“This negative trend shows that people are clearly struggling to pay their taxes,” said county Treasurer William Craine.
“It has been a stressful time for people whose properties are in jeopardy, very emotional. Our staff was pushed around a lot, but maintained their professionalism,” he told members of the Finance Committee meeting last Thursday.
Recently, issues have been raised with the Board of Supervisors about the number of properties protected from foreclosure under bankruptcy protection laws. However, according to Craine, none of the properties up for auction in this year’s sale tax had been in bankruptcy court.
There were approximately 100 such delinquent properties in the county that couldn’t be foreclosed on due to bankruptcy protections, according to the treasurer’s office earlier this year.
The county is obligated to pay towns their taxes up front and then collect the amount back over a four or five-year period through annual sealed bid sales of delinquent properties.
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