Sale assists county in collecting delinquent property taxes
Somerset, Pennsylvania, Aug. 16, 2022 (GLOBE NEWSWIRE) — The Somerset County Tax and Billing Department’s annual upset tax sale is the premier online event where more than 16,000 government agencies and educational institutions sell their surplus money. It will be held virtually on GovDeals, a marketplace. To over 4.8 million registered buyers. The sale is being made to recover funds owed to the county for unpaid real estate taxes, federal liens, municipal claims, or other charges. The featured one-day event will take place on Tuesday, September 13, 2022 and will open for bids equal to the taxable interest charged on each property.
This is the first time Somerset County has used GovDeals for a property auction. By moving the annual Upset Tax Sale online, Somerset County will be able to run hundreds of tax sales simultaneously, enabling GovDeals’ customized solutions to work with the county’s needs to It saves time and simplifies the sales process. The GovDeals Marketplace offers sellers a true partnership that evolves as the agency’s needs change. GovDeals gives Somerset access to a persistent audit trail to help protect against buyer fraud while maximizing revenue.
Potential buyers must submit additional documentation to the Tax Administration and pay a non-refundable registration fee of $100 by Friday, August 26, 2022 in order to participate in these auctions.
For more information on registering for this sale, please visit GovDeals.com/somersetcountytaxsale. To bid on GovDeals assets, potential buyers must first create an account and complete a free registration form. Registration for new bidders can be completed at GovDeals.com/Register.
GovDeals is the world’s leading marketplace for surplus government and educational assets, from heavy equipment and transportation assets to industrial machinery and real estate. GovDeals specializes in surplus disposal technology and partners with government agencies and related organizations to sell surplus equipment and materials in a transparent manner “as is”. Sellers can directly initiate and manage listings in just days with more control and lower fees than traditional auction solutions. GovDeals is operated by Liquidity Services (NASDAQ: LQDT), one of the most experienced and trusted companies in the surplus industry, he has supported millions of customers worldwide. GovDeals buyers have direct access to all surplus assets across Liquidity Services’ network of marketplaces in one place.