The Herald Bulletin

Morning Update

Local News

February 3, 2011

County moves forward with certificate sale

Alexandria library scoops up delinquent lien

ANDERSON, Ind. — A resolution has been approved officially scheduling the county’s tax certificate sale, but one property will be left off the auction block.

On Thursday, Madison County commissioners adopted a resolution to hold the certificate sale, which auctions tax liens that weren’t sold at the county tax sale in November.

The sale is meant to get the properties back on the tax rolls, according to the resolution, and bidding will open in the online auction on April 1. The final day to bid will be April 13.

At least one property has already been snagged.

During the meeting, Commissioner John Richwine explained that the Alexandria-Monroe Public Library had requested that the lien on the property located at 120 E. Washington St. be transferred to the library.

The branch hopes to expand by using the property. The measure was approved unanimously.

The online auction will be organized by SRI Inc. of Indianapolis, the same company that hosted the county tax sale.

The tax sale and the certificate sale both feature the liens of properties in Madison County that are delinquent in property taxes.

Those who purchase the property liens at certificate sale must wait just 120 days to take full ownership of the delinquent property in question.

As of Thursday, there were just over 2,300 properties on the list to go up for auction.

“People still can redeem these properties,” county attorney Gerald Shine explained.

If delinquent owners brings their accounts current, the property lien in question will not be put up for auction.

Before the certificate sale is held in April, officials from SRI Inc. will host an educational forum for area residents interested in learning more and possibly placing bids in the sale, Shine said.

The date and location of the forum have not been announced.

Contact Brandi Watters: 640-4847, brandi.watters@heraldbulletin.com

1
Text Only
Local News
March Staff Photos


Buy and browse more photos from The Herald Bulletin

More Resources from The Herald Bulletin
Auto Industry Book
Hyperlocal Search
Premier Guide
Find a business

Walking Fingers
Maps, Menus, Store hours, Coupons, and more...
Premier Guide
Facebook