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3,000 Cuyahoga County homeowners could have tax liens sold on their properties
Cuyahoga County is projecting more than $60 million in unpaid property taxes this year after home values and tax bills jumped. That’s the highest delinquency rate the budget office has ever seen.
And it means that with homeowners struggling to pay their bills, local governments and school districts are not receiving the revenue they depend on.
For example, in Rocky River, school property tax collections are “coming in a bit lower than projected, mainly because fewer people are catching up on overdue payments.”
To collect what’s owed, Cuyahoga County is seeking to sell about $33 million worth of tax lien certificates for 3,000 parcels to a company that would then work with property owners to settle their delinquent taxes.
The revenue would be split: 61% to school districts, 22% to the county, 12% to municipalities and 5% to libraries.
The bottom line is there are a lot of owners who are in trouble or may be in the near future. The last thing I'd want is for one of my clients, or anyone at all, to have to suffer through this alone. I've been able to help several owners navigate complex tax issues and would be glad to help where I'm needed.
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