15 Properties In Crothersville & Vernon Township
There are 91 parcels of property in Jackson County with delinquent taxes that could be sold at an auction on Friday, Oct. 20, according to a legal notice on page 4 of this week’s print issue of the Crothersville Times and in the Legal Notices section of this on-line edition.
The 91 parcels are a decrease from the 144 properties on which delinquent taxes were advertised at the 2022 tax sale.
“This year’s tax sale will again be an in-person sale in the former circuit courtroom on the second floor of the county courthouse,” said Jackson County Auditor Staci Eglen. The public auction will begin on at 10 a.m. local time on Oct. 20.
Real estate on which property taxes have not been paid for 18 months are eligible to be offered for sale by the county to collect back taxes.
During the October auction, properties will be offered for late taxes and auction fees with a minimum beginning bid.
“After the auction, the property owners have up to a year to ‘redeem’ or pay the successful bidder for his bid plus interest,” according to Jackson County Treasurer Kathy Hohenstreiter.
In the first six months, to redeem a property an owner must pay 10% of the minimum bid and 5% per annum for any bid amount over the minimum bid. After six months, the interest goes to 15%.
In this day of low interest savings accounts and CD’s, many investors participate in tax sales as a way to earn better returns on their money.
Residents with property on the delinquent property tax list have until the day of the auction to pay the back taxes and have the property removed from the auction’s sale list.
Information on how to register for the tale sale, conducted by SRI Inc., can be found in the legal notice.