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3K Cuyahoga County homeowners could face tax lien sale this fall in county push to collect debts
['Kaitlin Durbin', 'Kdurbin Advance-Ohio.Com']
cleveland.com
Cuyahoga County is considering selling up to $40 million in tax lien certificates to a private collector, but delinquent homeowners still have time to get on payment plans.
By contrast, tax lien certificates will carry simple interest — calculated only on the principal amount — at 6% for most homeowners and 11% for commercial or investment properties, per the county’s agreement.
Other exemptions from the liens include properties with homestead status, homes valued under $100,000, debts under $1,000 and accounts already on payment plans.
The county last sold 819 tax lien certificates in 2018–2019, before pausing the practice during the COVID-19 pandemic and relying solely on foreclosures, which are slower.
“It’s our intention to get people on payment plans.