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Simpson County will now be offering buyers the opportunity to purchase tax sale properties online through GovEase after the Board of Supervisors unanimously approved the system during their regular Monday, August 7, 2018, meeting.
Mr. Ron Matthews, a representative with GovEase.com, met with the Simpson County Board of Supervisors to discuss what GovEase does and how it can help the county to save money.
Charles Baldwin, Tax Assessor, advised the online program would lessens in-house work by staff to prepare for the tax sale saving his office time, stress, and money. GovEase started two years ago after petitioning the state for rights to publish these tax properties on line. The first two counties on board were Lee and Madison two years ago. Seventeen additional counties were added in 2017. GovEase projects approximately 50 counties to participate in 2018. The first year GovEase had 19 sales and 42 are projected this year.
Matthews’ documentation provided for the supervisors stated that based upon his figures, the county in 2017 generated $33,158 in overbid revenues, this is the amount of money bid over the amount owed on taxes for tax liens placed on properties. This amounts to an 6.6% percent overbid rate.
Mathews estimated that Simpson County could generate $60,237 in overbid revenues, a 12 percent overbid rate, if they used GovEase The documentation showed an estimated $135,396 in increased revenue to the county over a five-year period if the county used GovEase’s resources.
With GovEase, one can purchase Tax Liens with a click of a button. In the past, most tax lien auctions were time-consuming and intensive processes. Bidders had to either take off from work or have some type of representation at each auction. GovEase has created a unique setup that alleviates this laborious process by allowing bidders to bid for tax liens online. Bidders can watch each auction or upload a list that auto bids with present amounts on liens of interest. GovEase is bringing the auctions to the bidders’ fingertips.
For more information click on http://www.govease.com
