Wells County’s annual tax sale, where properties that are delinquent on taxes and special assessments from the prior year’s spring installment, will be held at 1:30 p.m. Monday, Oct. 31, at the Wells County Courthouse.
In Indiana, the county treasurer and auditor are required to sell tax liens on delinquent properties. Wells County will offer the tax sale certificates at a public sale that is not less than the total amount due in delinquent taxes, costs, and penalties.
“The purpose of this tax sale is to offer these delinquent properties in order to collect back taxes to help fund local government services,” explained County Auditor Lisa McCormick.
“There are currently 12 properties available for the tax sale totaling $16,932.49 in delinquencies,” added Wells County Treasurer Kathy Peeper.
The list of delinquent properties was published in the Sept. 27 edition of the News-Banner and is available on the newspaper’s website.
In addition to serving as a source for local governments to collect unpaid property taxes, tax sales also serve as an opportunity for real estate investors to earn interest income upon redemption of the property within one year from the sale, or to take title to the property through a post-tax sale process that involves petitioning the local court for a tax deed.
Those interested in registering and bidding at the sale should visit the website of SRI Inc. at www.sriservices.com and read the information provided there. SRI Inc., an Indianapolis based company, that conducts tax sales, commissioners’ certificate sales, and commissioners’ deed sales for more than 80 counties in Indiana, Michigan, and Colorado.
