The Kenai Peninsula Borough’s public outcry auction garnered over $500,000 for about 40 tax foreclosed properties last Saturday and the owners whose parcels were sold should monitor their mail.
Land Management Officer Marcus Mueller says any of those parcels’ past owners should keep an eye out for a notice as the borough does not take the excess funds made at the auction.
Mueller: “The amount that is due to the borough, which is just the taxes and fees that are levied against the property, so anything in excess of that that the auction produces is there for the property owner to claim. And so the Borough’s Finance Department actually sends a notice, a letter to all the former record owners, letting them know that there may be funds to claim.
He says the Borough Finance Department will finalize the sales and send the notices to the past property owners within the next few weeks. Individuals who receive one of those letters have six months to claim the money.
Marcus says with 52,000 properties that get tax bills in the Kenai Peninsula Borough and only around 40 sold at a tax foreclosure auction, residents are doing a good job of sharing the tax burden.
The final list of properties sold and what excess proceeds those sales brought in will be listed by the Borough’s Department of Land Management in about two weeks.