If you’re overdue on your property taxes in Elkhart County, pay up or your property may be sold to the highest bidder.
The Elkhart County Treasurer’s Office is planning a property tax sale on Oct. 13. 1,222 properties ranging from homes, businesses, and land are listed in the auction, according to 95.3 MNC’s reporting partners at the Elkhart Truth.
The sale aims to recoup about $5.73 million in back taxes, according to Jodi Jones, first deputy treasurer in the treasurer’s office. Some of those funds will come from the property owners themselves, who often pay their past due taxes and penalties before the auction date.
Properties subject to going on the auction block are properties that have missed the last three payment cycles: May 2016 and the two 2015 payments. Typical buyers at the auction are investors and investment companies.
Still, if their property is sold at auction, the owners have a year to pay back the taxes, penalties and interest to the winning bidder so they can keep it.
The auction will take place at the Elkhart County Administration Building at 117 N. 2nd St. in Goshen.