(A) The Auditor's Property Sale Fund for Commissioners' Tax Sale Certificates, Fund No. 385, a non-reverting Fund, shall be established as an Auditor's working fund from which are paid the expenses from the Commissioners Tax Sale. The Fund shall act as a clearing house for the sales proceeds that are due to the taxing units where the property ls located, minus administration expenses which are determined and documented.
(B) The proceeds of the Commissioners' Tax Sale shall be distributed and expenses paid as follows:
(1) First, the costs to the County Executive directly attributable to the sale of a certificate of sale shall be paid;
(2) Second, the balance shall be applied as follows:
(a) The delinquent taxes and special assessments on each tract or item of real property;
(b) The taxes and special assessments on each tract of real property that are due and payable in the year of the sale, regarding of whether the boxes and special assessments are delinquent; all penalties which are due on the delinquencies;
(3) Third, the balance applied to taxes and special assessments, shall be distributed to the units at the time of the second distribution to unit as follows:
(a) The funds shall be distributed to the units in which the property sold at the Commissioners Tax Certificate Sale is located.
(b) Each political unit in which the property is located shall receive a percentage distribution based upon the percent of the tax bill that it would have received if the property owner had paid the tax bills due and owning for the tax year that immediately proceeded the Commissioners Tax Certificate Sale where the property was sold.
(C) This section rescinds and repeals Ordinance No. 1264E and Ordinance No. 1427E.
(Ord. 1478H, passed 12-13-2022)