INDUSTRY NEWS: TAX SALES

Pittsfield Looks to Hold Tax Lien Auction This Fall

Tuesday, June 26, 2018   (0 Comments)
Posted by: Carly Cahur
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PITTSFIELD, Mass. — The city will look at holding another tax lien auction later this fall.
 
According to Director of Finance Matthew Kerwood, the city intends to host the auction in late fall to recoup some back taxes. The auctions essentially sell off liens on delinquent taxpayer properties to the highest bidder, which then takes over the rights to collect from the property owner. 
 
Kerwood said there is some $5.8 million uncollected and an equal amount of interest. However, he does not know how many of those will go to the auction block. The liens will be sorted through by a vendor to determine which ones have value at the auction and which ones don't.

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