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Comptroller: 56 properties on in rem list with $1.9M owed; letters to go out
Summary
The comptroller said the city has started the in rem tax process with 56 properties owing roughly $1.9 million and about $769,000 in penalties and interest; letters will be mailed to owners and the process could finish in 2025.
Comptroller Tony told council the finance office has begun the in rem process and identified 56 properties with outstanding tax balances totaling about $1,900,000 and roughly $769,000 in penalties and interest. He said these amounts are already recorded as receivables on city books, and penalties and interest would become new revenue if collected.
Tony said the mailing to property owners will start in the coming weeks to give them an opportunity to pay before the formal in rem process begins. The comptroller noted legal timing and advertisement requirements mean the process could wrap up in 2025. Council members asked for follow-up material and quarterly projections to show how the in rem program is tracking.
