Tax Lien Sale Collects $8.8 Million

Monday, 25 November 2013

Fiscal Officer Scalise announces successful Negotiated Tax Certificate Lien Sale and sub sale, collects $8.8 million.

 Summit County Fiscal Officer Kristen M. Scalise CPA, CFE has announced that her office collected approximately $8.8 million in delinquent tax dollars, resulting from a Negotiated Tax Certificate Lien Sale and sub sale.


The Negotiated Tax Certificate Lien Sale was conducted on November 8, 2013.   Woods Cove III, LLC was one of two successful bidders, with a bid of approximately $5.6 million for 1,264 parcels.  The other successful bidder was Summit Tax Partners, LLC, with a bid of approximately $1 million for 232 parcels. Parcels that sold consisted of residential, commercial and industrial properties. The Fiscal Office was able to collect $6.6 million in delinquent tax dollars as a result of the sale.


The Fiscal Office had previously collected $2.2 million in October 2013 from a subsequent tax lien sale. Fiscal Officer Scalise will now distribute more than $8.8 million in certified delinquent tax dollars currently owed to the taxing districts.


“The major benefactor of a tax lien sale is our local school districts,” Scalise said. “More than half of the monies collected will be redistributed to the schools, approximately $5.6 million.  The rest will be dispersed to our public libraries, political subdivisions, and valuable county services including County of Summit Developmental Disabilities Board and County of Summit ADM Board."


Tax lien sales ensure that taxing districts entitled to revenues from property tax collections will receive those tax dollars needed for their operations. During a sale, delinquent real estate tax debt is sold to private investors. The property itself does not go to sale. Property becomes subject to a tax lien sale when it has been certified delinquent for at least one year under current law.  Owners are notified and given the opportunity to establish a payment plan to avoid going to sale.


“I am committed to providing assistance to property owners who have fallen delinquent,” Scalise said. “If you are behind on paying your real estate taxes, I encourage you to call my office immediately. We have options that can help.”


The Fiscal Office offers many programs to assist property owners with the payment of real estate taxes, including the Delinquent Tax Payment Program.  For additional information regarding tax assistance programs, please call our office at 330-643-2600 or email This e-mail address is being protected from spambots. You need JavaScript enabled to view it .