News From Terre Haute, Indiana

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January 19, 2011

Vigo commissioners OK sale for unpaid taxes

TERRE HAUTE — The Vigo County Board of Commissioners Tuesday approved an Internet “certificate sale” in an effort to recoup unpaid property taxes.

The sale will be conducted from April 7 to April 18. The sale will include 814 parcels of property, which have $2,312,695 in unpaid taxes, said Vigo County Auditor Tim Seprodi.

The advantage of a certificate sale is the buyer must only pay one year of unpaid taxes, instead of the past three years, the auditor said. The buyer after 120 days will then also pay current taxes.

The Internet sale will be cheaper, with fees costing the county 10 percent of gross collections versus 15 percent for an in-person sale, the auditor said.

SRI Inc. will conduct the sale, Seprodi said. The sale will be conducted at www.sri-taxsale.com.

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