At LCollect we believe that knowledge is power. Every month our debt collection blog gives you practical tips, stories and news from around Australia and the world.
Parkes Shire Council took action against 32 properties for unpaid rates, recovering almost $250,000 in unpaid rates. Initially it was resolved that 32 properties would be sold, with 22 actually proceeding to sale at public auction (presumably 10 owners bring rates up to date). The public auction was held on one day in September for all 22 properties, with 18 selling and 4 passed in.
For a number of properties the sale amount did not meet the outstanding rates, with approximately $82,000 written off by council.
There were also a number of surpluses, with some $96,000 being held by council to be distributed to the relevant claiming parties, with any unclaimed funds to be forwarded to State Treasury Unclaimed Monies after 6 years.
The councils percentage of unpaid rates site at 5.28%, compared to a benchmark of 10% for rural council.
This story was first reported in the Parkes Champion Post.