INDIANAPOLIS, IN - Early this week the Senate Tax and Fiscal Policy committee unanimously approved Senate Bill (SB) 335 authored by State Senator John Broden (D-South Bend) that would protect purchasers of tax sale properties from excessive fees by a third party assisting in the sale.
SB 335 would establish that the money attained from a tax sale bid would first be applied to the taxes and other costs owed on the property, and then to other delinquent property taxes with the remainder to be added to a separate tax sale surplus fund.
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