Upon notification of a confirmation of sale pending, the Treasurer’s Office will give a total amount taxes due at that time. In addition, the Treasurer’s Office will pro-rate the taxes for the current year based on the taxes due for that collection year. The pro-ration shall begin 45 calendar days after the Sheriff sale. No penalties will be used in the full year calculation. The full year real estate in addition to any long term assessments (ie lighting, storm water) will be used. The Treasurer’s Office will contact the Auditor’s Office as well as the Utilities Department to try to ascertain if there will be any assessments applied to the parcel for the following year. This will be an estimate of the taxes to be paid in the following year. The following is an example of the pro-ration formula:
If the Sheriff’s Sale occurs on September 2, 2008, 45 days later would be October 16, 2008. October 16th is the 290th day of the year (2008 being a leap year). The taxes paid in 2008 were $1,380.72 for the full year (delinquent assessments not included). We would divide the taxes by 366 days of the year (1,380.72/366) for an amount of 3.772459 and multiply that by the 290 days (3.772459*290) for a total of 1094.013110 or $1,094.01.