Public Trustee Reports Increased Foreclosures and New Tax Payment Option Launch

Fremont County officials gathered on July 22, 2025, to discuss pressing financial matters affecting the community, including rising foreclosure rates and new tax payment options aimed at easing the burden on residents.

During the meeting, the public trustee reported a slight increase in foreclosures, with 17 recorded in the first quarter and a total of 16 sales so far this year. The report highlighted that while some properties have been sold to outside bidders, many have reverted back to lenders. The trustee noted that the county has seen three new bankruptcies in 2025, bringing the total to six. This trend raises concerns about the financial stability of some residents, prompting discussions on how to support those facing housing challenges.

In a positive turn, the county treasurer, Kathy Elliott, presented a semiannual report indicating a significant increase in tax revenue, up by $3 million compared to the previous year. This increase is attributed to property reassessments and reflects a growing economic environment. Elliott also announced a new initiative allowing residents to make monthly property tax payments through escrow, a move designed to provide more manageable payment options for homeowners. This program aims to alleviate financial strain, especially as property taxes are projected to rise.

The meeting concluded with a unanimous vote to accept both the public trustee's and treasurer's reports, signaling a commitment to transparency and proactive financial management. As Fremont County navigates these economic challenges, the discussions underscore the importance of community support and innovative solutions to enhance residents' financial well-being.