In a recent government meeting, officials discussed the significant issue of tax delinquency in the borough, particularly focusing on properties along Margaret Street. A council member presented findings indicating that out of 53 properties in the area, approximately 24.5% are not paying their taxes. This includes eight houses, four of which are consistently delinquent, and 11 vacant lots, three of which have owners who are paying taxes.
The discussion highlighted the potential for addressing these delinquent properties through various means, including land banking and sheriff's sales. The council members expressed concern over the lack of awareness regarding the extent of the problem, suggesting that the issue may be more widespread than initially thought. One member emphasized the need for a comprehensive list of all tax-delinquent properties to better understand the situation.
The conversation also touched on the challenges of property development in the area, particularly the high costs associated with building new homes, which can exceed $300,000. Some members proposed exploring the idea of smaller, more affordable housing options, although current zoning regulations may pose obstacles.
Additionally, the council discussed the implications of gifting vacant lots to residents, cautioning that such actions could lead to increased property taxes for those homeowners due to reassessments. The consensus was that developing these properties might be a more viable solution than simply transferring ownership.
Overall, the meeting underscored the borough's ongoing struggle with property tax delinquency and the need for strategic planning to revitalize the area while balancing the interests of current residents.