Town Posts Tax Sale Notice for 50 Properties

The town of Portsmouth will conduct a tax sale on June 17.

A total of 50 properties are on the list of properties up for tax sale, which will take place at Portsmouth Town Hall at 11 a.m.

Buyers in the tax sale will be repaid the full amount they pay plus 1 percent interest per month from the date of payment until the date of refund, whether the property is sold or if the taxes are brought up to date after the sale.

A tax sale will help the town get a boost of revenue, either from investors buying in with the tax sale, or by property owners who pay their past due taxes before the sale at the last minute. 

According to the notice of the tax sale posted by the town, property owners have one year to pay the past due taxes plus a 10 percent penalty on the tax sale amount, plus the above-mentioned interest. After then, the property can be redeemed through the tax sale purchaser.

For a full list of properties in the tax sale, click here.