Tax sale takes in nearly $2 million

September 18, 2013

Business, Economic Development, Education

HANCOCK COUNTY — The annual tax sale in Hancock County brought in a total of $1,885,797 for 3,053 parcels,

Tax Collector and Assessor Jimmie Ladner said the weak economy and insurance uncertainties in the coastal county contributed to the sale volume.

Ladner said 1,182 parcels in the county went into state ownership, erasing $140,000 in revenue that would have gone to the local governments.

More property owners aren’t paying taxes and the lost land is taken from the tax roles, Lander said.

“The bulk that went to sale in the last two years was south of I-10,” he said. “A large portion being sold is attributable to people recognizing they may never come back.”

 

, , , , ,

No comments yet.

Leave a Reply