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Investors are buying Ohioans’ unpaid property tax debts, with 18% interest
Investors bought tens of millions in delinquent tax debts as counties used the sales to collect revenue and limit foreclosures, officials said.
- In June, Cuyahoga County sold $18 million in delinquent property tax debt, the highest on record, as several Ohio counties including Hamilton and Warren sold record levels to investors in 2025 and 2026.
- County treasurers defend lien sales as a necessary last resort to collect delinquent taxes efficiently. Warren County Treasurer Randy Kuvin noted the sales effectively double the county's foreclosure capacity, allowing staff to pursue scofflaws.
- Investors including PVOne Capital and Tax Ease charge interest rates up to 18% on acquired liens. People's Bank Co. CEO Daniel Broering warned lawmakers that such sales can trap borrowers in debt cycles far exceeding original bills.
- Democratic gubernatorial candidate Amy Acton recently proposed cracking down on lien sales, while bipartisan lawmakers introduced legislation to prohibit these sales on residential and agricultural properties citing predatory concerns.
- More than 320,000 Ohioans signed a petition to constitutionally abolish property taxes after home assessment spikes triggered tax bill increases. The issue may play a central role in the unexpectedly close gubernatorial race.
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Associated Press News+8 Reposted by 8 other sources
Investors are buying Ohioans’ unpaid property tax debts, with 18% interest
Investors from Omaha to Chicago last year bought tens of millions of dollars worth of delinquent property tax debts from Ohio county treasurers, setting new records in several counties.
·New York, United States
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Judge promises quick decision on challenge to Missouri property tax caps
The Cole County Courthouse in Jefferson City (Annelise Hanshaw/Missouri Independent)A Cole County judge said Wednesday he will rule quickly on a case that will determine if property tax caps voted on in April take effect later this year. At the end of a three-hour hearing, Circuit Judge Christopher Limbaugh gave attorneys in the case one week to file proposed findings for him to consider. The case needs quick attention, Limbaugh told the attorne…
·St. Louis, United States
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Total News Sources11
Leaning Left4Leaning Right1Center6Last UpdatedBias Distribution55% Center
Bias Distribution
- 55% of the sources are Center
55% Center
L 36%
C 55%
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