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Franklin treasurer reports $496,120 in delinquent taxes, outlines collection tools and $15 million invested
Summary
At a March 10 Franklin City Council work session, City Treasurer Miss Babb reported $496,120 in delinquent tax balances as of Dec. 31, 2024, described collection practices and said about $15 million in city funds were placed in short-term investments that have earned “a little over $600,000.”
Miss Babb, Franklin city treasurer, told the Franklin City Council at its March 10 work session that the city had $496,120.50 in delinquent taxes as of Dec. 31, 2024, covering tax year 2022 and earlier.
The treasurer said the total reflects a reduction from a prior delinquency balance because some taxpayers paid their accounts: “This is money that’s been paid in,” she said. She gave a line-item breakdown: $119,037.57 in delinquent real estate (62 properties), $344,660.20 in delinquent personal property (tax years 2017–2022), $6,685 in delinquent business-license fees and about $25,737.24 in delinquent meals taxes. She said the city’s cumulative collection rate for the most recent real-estate tax year was 99.76 percent and 97.31 percent for personal property.
The report explained the treasurer’s regular collection tools: payment plans, wage liens through the Virginia…
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