WEBSTER COUNTY, KY (11/7/12) - On December 7, the City of Providence will begin selling delinquent property tax liens to third party purchasers.
According to state law, a city’s delinquent ad valorem tax is of equal priority to that of the state, county or any other taxing district’s lien. Debt associated with ad valorem taxes is not simply a lien against the real estate, but also a debt against the delinquent taxpayer. Collection efforts of a personal debt can include actions such as wage garnishment, execution sale of personal property and any real estate owned by the taxpayer.
All third party purchasers who meet the following conditions must register with the Department of Revenue: if you plan to purchase more than three certificates of delinquency in a county; you plan to purchase more than five certificates of delinquency statewide; or you plan to invest more than $10,000 in certificates of delinquency.
Once registered you will be eligible to begin purchasing certificates of delinquency 60 days from the date your application is received by the Department of Revenue, which means you won't be eligible to purchase by December 7, but you will be eligible for future sales.
A registration fee of $250 – payable to the Kentucky State Treasurer – needs to accompany your registration application.
Final notices for the upcoming tax sale will be mailed by the city clerk’s office. Delinquent properties that are currently involved in litigation and any delinquent tax payer that has made payment plan agreements with the city clerk’s office prior to the date of sale, and are in good standing with the plan, will not be offered at the sale.
J-E News Editor
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