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>> ESTATE TAX Latest News

JUL 30, 2013 - Washington Business Journal

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D.C. collects $6.6M during tax sale, more than $18M still owed

The District sold the liens to 965 properties during its recently concluded tax auction, collecting more than $6 million in back taxes on real estate ranging from condos to dilapidated rowhouses to stately mansions. The annual sale, which ran this year from July 15-17, also generated $11.8 million in surplus, as bidders competed for the lien rights to the most wanted properties. That surplus is ultimately returned to the buyer. Some notable sales to start: 1745, 1749 and 1755 N St. NW: Owned by…

Tags: D.C. collects $6.6M during tax sale, more than $18M still owed,  Estate Tax Latest News