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Stephenson County treasurer: tax sale raised more than $1 million; fewer parcels reverted to county
Summary
County treasurer reported Nov. 5 that the annual tax sale produced proceeds topping $1 million, with a lower-than-usual share of parcels reverting to the county trustee and a lower average redemption interest rate this year compared with last year.
Stephenson County’s treasurer told the Administration and Legal Affairs Committee on Nov. 5 that the county’s annual tax sale concluded with substantial proceeds and changes in bidder behavior compared with last year.
The treasurer reported that the tax sale produced deposits of more than $1 million into the general fund and said “Sold 512 parcels,” adding that a larger share…
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