Dan Clark of the Times Herald reports:
After about an hour and a half of auctioning on Thursday, 33 Montgomery County properties were sold to several bidders during county treasurer’s upset real estate tax sale.
Including transfer tax the new property owners had to pay, the county brought in $2,121,021.20 from Thursday’s sale. Typically, a large portion of the money that comes in from the sale goes the school district the property owes taxes to. The rest of money, most often, is split evenly between the municipality or borough of the property and the county.
According to Salus, 1,294 homes were on the list for Thursday’s sale. However, 1,100 of those property owners paid to take their homes off of the sale list. Salus said some came to the treasurer’s office Thursday morning before the sale to pay their back taxes. $7.4 million in unpaid taxes were taken in from the 1,100 property owners, who paid to have their property taken off of the sale list.
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