Tax Foreclosure Rebate, Abatement, or Forgiveness Policy

On July 19th, 2022 the Herington City Commission approved a policy on special assessment rebates and forgiveness on property tax foreclosures.

The policy approved contained the following regarding properties:

EXISTING LIENS OR ASSESSMENTS REPRESENTING 10% OF THE TOTAL ARE FULLY PAID AT TIME OF PURCHASE. AND NOTHING IS INITIALLY ABATED OR FORGIVEN.

YEAR ONE ANNIVERSARY – AFTER REVIEW, 30% IS REBATED AS ABATED OR FORGIVEN.

            YEAR TWO ANNIVERSARY – AFTER REVIEW, 30% IS ABATED OR FORGIVEN.

YEAR THREE ANNIVERSARY – AFTER REVIEW, 30% OF THE FINAL BALANCE IS ABATED OR FORGIVEN, LEAVING 10% AS THE AMOUNT ULTIMATELY REALIZED UNDER THE AGREEMENT.

To view the entire policy please view the attachment or  visit https://www.cityofherington.com/node/27/files