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Assembly reviews ordinance to sell tax-foreclosed properties; staff flags potential liabilities and minimum-bid rules
Summary
The committee considered an ordinance to dispose of tax-foreclosed properties acquired by the borough, including 108 properties taken for 2022 taxes and about 19 older properties still unsold; staff answered questions about inspections, minimum bids, and the 10-year over-the-counter process.
Treasury and budget staff, joined by Joanne Pascoe, presented an ordinance authorizing disposition and sale of properties the borough acquired through tax foreclosure. "We took 108 properties in the tax deed for the 2022 tax year... we have 19 properties left over that we have not sold that we've taken in previous years," the Treasury representative said.
Assemblymembers asked for context and safeguards. Committee members requested historical foreclosure counts; staff said the number taken this year was "about average" when the borough had skipped tax-deed the prior year, putting typical annual takes between…
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