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Cuyahoga County Cancels Tax Certificate Sale for 2015
Contacts:
Mary Louise Madigan: (216) 698-2521
Cleveland, Ohio - Cuyahoga County will not participate in a tax certificate sale for 2015. The County Treasurer was in negotiations with Woods Cove III, LLC for the potential sale of tax certificates, commonly known as liens, but after months of negotiation, the county and Woods Cove III, LLC were not able to agree on the sale terms for a portfolio of properties in 33 communities across the county. Tax certificate sales may occur after a property owner fails to pay taxes for more than one year.
Cuyahoga County first sold delinquent tax liens to private purchasers in 1999 and the practice has recouped more than $188 million. The county began working with Woods Cove III, LLC in September 2013 and is under contract through March 8, 2016.
“Though there will not be a tax certificate sale in 2015, we maintain that tax certificate sales are an important component of the tax collection process and we’ll solicit bidders for a purchase in early 2016.” said Cuyahoga County Treasurer Chris Murray.
To prevent delinquencies and foreclosures the county will enhance outreach efforts to inform citizens that they may be eligible for a modified tax payment contract that will allow them to pay delinquencies over time. The county will promote its services including payment options available online, by telephone, in person, at Key Bank branches, at auto title branches and at the County Administration building. In 2016, the Treasurer will establish a tax delinquency response unit to work directly with municipalities, non-profits and the County Prosecutor to identify at-risk parcels and work with the owner to develop a payment plan.
Cuyahoga County is required by state law to pursue the collection of real property taxes and is committed to its statutory duties.
Mary Louise Madigan: (216) 698-2521
Cleveland, Ohio - Cuyahoga County will not participate in a tax certificate sale for 2015. The County Treasurer was in negotiations with Woods Cove III, LLC for the potential sale of tax certificates, commonly known as liens, but after months of negotiation, the county and Woods Cove III, LLC were not able to agree on the sale terms for a portfolio of properties in 33 communities across the county. Tax certificate sales may occur after a property owner fails to pay taxes for more than one year.
Cuyahoga County first sold delinquent tax liens to private purchasers in 1999 and the practice has recouped more than $188 million. The county began working with Woods Cove III, LLC in September 2013 and is under contract through March 8, 2016.
“Though there will not be a tax certificate sale in 2015, we maintain that tax certificate sales are an important component of the tax collection process and we’ll solicit bidders for a purchase in early 2016.” said Cuyahoga County Treasurer Chris Murray.
To prevent delinquencies and foreclosures the county will enhance outreach efforts to inform citizens that they may be eligible for a modified tax payment contract that will allow them to pay delinquencies over time. The county will promote its services including payment options available online, by telephone, in person, at Key Bank branches, at auto title branches and at the County Administration building. In 2016, the Treasurer will establish a tax delinquency response unit to work directly with municipalities, non-profits and the County Prosecutor to identify at-risk parcels and work with the owner to develop a payment plan.
Cuyahoga County is required by state law to pursue the collection of real property taxes and is committed to its statutory duties.
