ANDERSON – The Mounds Mall in Anderson and the land on which it sits have been tentatively sold to new owners. Our partners at The Herald Bulletin report the building and property were sold to different owners Monday at the Madison County certificate sale for a total of $17,000.
The building was acquired for $12,000 by Mark Squillante. Two parcels of land that cover the Mounds Mall property were sold for a total of $5,000.
The mall property is currently owned by the Cook family, which has been looking to offload the property for more than a year. Last month, the family reached a deal to sell the property to Baumann RE LLC for $3 million.
As of Friday, the Indiana Theatre is listed among properties with delinquent taxes to be auctioned as part of a Vigo County certificate sale.
That tax certificate sale, conducted as a live auction, is slated for 10 a.m. Tuesday, but whether the property remains in the sale or gets removed remains unclear.
Indiana recently amended certain provisions of its state statutes and regulations relating to the state’s real property tax sale notice requirements and dollar amount threshold for high cost loans. These changes are effective July 1, 2018.
ANDERSON — The Mounds Mall building will remain on the tax certificate sale but the iconic Wigwam was given a reprieve by the Madison County commissioners.
A motion made by Commissioner Mike Phipps on Tuesday to remove the Mounds Mall building from the April 9 tax certificate sale died for the lack of a second.
NEW CASTLE — The Henry County treasurer recently warned taxpayers that Indiana Code 6-8.1-9.5, passed in 2017, allows counties to collect outstanding debts owed to local units of government by intercepting personal state income tax.
It is just one of more than 600 properties that are up for sale at Vanderburgh County’s annual tax sale. But a century old building on Evansville’s west side is emblematic of what some describe as a broken system.
Built in the early 1900s, the former Howell Mortage Bank at 3000 Broadway Avenue has been a frequent flyer on the county’s tax sale list. According to property records, it has gone unsold at the annual tax sale every year since at least 2013. It has had five different owners — many of whom are limited liability companies — in the past decade.
Rehabilitation and stabilization of a historic building in the heart of Crothersville are completed.
Now, the two-story brick structure at the corner of Howard and Armstrong streets is on the market.
INDIANAPOLIS (WISH) — Attorneys for out-of-state real estate companies accused of swindling Hoosiers out of thousands of dollars in tax proceeds want a judge to dismiss a lawsuit filed by the Indiana Attorney General’s Office.
Eight years after the housing crisis, the broken system that sped the decline of Indianapolis’ urban neighborhoods remains largely intact.
Studies as early as 2004 outlined the need for systemic change — blaming the tax sale system for promoting abandoned housing. In some Indianapolis neighborhoods today, 1 in 4 houses is abandoned.
NASHVILLE, Ind. (AP) — The owner of southern Indiana’s Little Nashville Opry site says he’s still working on long-delayed plans to rebuild the concert hall that was destroyed by arson more than six years ago.