Portsmouth Announces Tax Sale List

Portsmouth has posted notice of a tax sale for a slew of properties around town.

The tax sale will be June 16 at 11 a.m.

The town hopes to collect unpaid taxes from the tax sale, which is open to the public.

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.

According to the town, “if you are the owner of the property to be sold, or if you have an ownership interest in the property to be sold, you will have one year to redeem the property by paying the taxes that were due, plus a ten percent penalty on the tax sale amount, plus one percent interest per month on the tax sale amount from the seventh month onward. After one year, you may exercise your right to redeem the property through the tax sale purchaser or his attorney. If a petition to foreclose your right of redemption has been filed in Superior Court, you may redeem the property through the Court if you do so before a final decree is entered.”

A full list of properties on the tax sale list can be found HERE.