BENNINGTON — The town will pursue a tax sale for 26 properties in an effort to collect roughly $400,000 in delinquent payments.
The properties up for auction represent a mix of residential and commercial properties, as well as open land, according to Collections Director and Treasurer Joan Pinsonneault. The sale is slated for June 23, 10 a.m., at the town offices, 205 South St.
The former CTC Corporation owes the largest amount, $61,045.43, for property at 254 Benmont Ave., according to the collections office. The entity, which owned the trade name Vermont Color Photo Lab, dissolved in 2014, according to the Secretary of State's office.
Properties with the next two largest amounts of delinquent payments are: 2568 West Road owned by Mari E. Amidon, $35,360.60; and 409 Beech St. owned by Jennie Pratt, $32,668.47.
The town last held a tax sale in 2013.
The town is owed some $401,369.21, not counting attorney and other fees. Some properties owe delinquent water and sewer payments, in addition to unpaid property taxes. All of the properties are overdue multiple years.
Prior to organizing the sale, the town through its attorney and contacted property owners notifying them of back taxes, Pinsonneault said. She said some property owners are trying to avoid a sale by paying what they owe. She said she expects some properties to drop off of the list and not go to the sale.
Bidding in the auction will start at the amount owed to the town in addition to any fees. Pinsonneault said winning bidders must provide a 20 percent down payment the day of the auction and pay the balance within five business days. Those that own liens on properties will often bid on the property, she said.
A one-year redemption period begins after the sale, she said, during which the winning bidder cannot go onto the property and force any resident to leave. The property owner has one year to repay what is owed to the town, plus monthly interest of 1 percent, in addition to any property taxes during the redemption year. The interest goes to the person who bought the property at the sale.
Contact Edward Damon at 413-770-6979