SB 102: Enact the Gus Frangos Act

The bill aims to make changes to the law relating to tax foreclosures and county land reutilization corporations. It establishes a real property tax suspension list, where tracts and lots certified as charged with delinquent amounts most likely uncollectible will be listed. The bill also sets the compensation for county auditors' services, allowing two and a half percent on the first $100,000, eight thousand three hundred eighteen ten-thousandths of one percent on the next $2 million, and one thousand six hundred sixty-three ten-thousandths of one percent on further sums. Additionally, the bill requires the county auditor to determine the amount paid into the real estate assessment fund from tax moneys collected by the county treasurer, with the goal of not exceeding certain percentages. The bill also allows county auditors to receive four percent of the amount of tax collected and paid…