Margaret Gibbons of The Intelligencer reports:
The Montgomery County treasurer’s office will be able to restore 11 properties to the tax rolls.
The properties, previously owned by tax deadbeats, were snapped up at a judicial property sale held by the treasurer’s office Tuesday at the Montgomery County Courthouse.
“The benefit of a judicial sale is that we take properties that are chronically delinquent and then, through a competitive process, get these properties into the hands of new owners who will pay taxes,” said treasurer Jason Salus.
In addition to getting the properties back on the tax rolls, the revenue generated above and beyond the administrative costs in processing each property goes back to the county, the municipality and the school district on a pro-rated basis, explained Salus.
Tuesday’s auction of the properties, which were sold “as is,” generated about $162,732 after costs were deducted, according to Salus.
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