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. This gives those institutional investors the right to collect on liens, plus up to 18% interest, from Ohioans who are buckling under the weight of post-pandemic leaps on their property tax bills. State lawmakers in 1998 legalized the sale of delinquent tax debt, joining roughly half of U.S. states that do so. Several of Ohio's biggest counties are now selling record levels of certificates, according to ...
