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Showing posts from June 24, 2018

City Revenue Increasing Through Expansion of Delinquent Tax Sales

Mayor Levar M. Stoney today announced collection of delinquent real estate taxes, penalties and interest has dramatically increased during the past year through expansion of the delinquent tax sale program.

In this current fiscal year, which ends this week, the Office of the City Attorney successfully sold 134 delinquent properties through auction. Additionally, over $1.4 million was collected from 86 properties redeemed or sold by the owners after being placed into the program. This total of 220 properties represents many times the number sold or redeemed in fiscal year 2015 (40) and fiscal year 2016 (49).

In terms of revenue to the city, $5.9 million has been received this fiscal year. This total includes approximately $4.2 million in delinquent taxes, penalties and interest, plus nearly $1.7 million in legal expenses and related fees. This unprecedented increase in revenue collection was accomplished with additional personnel funding allocated to the Office of the City Attorney, eng…