TOWNSHIP OF JACKSON
NOTES TO FINANCIAL STATEMENTS
FOR THE YEAR ENDED DECEMBER 31, 2019
Note 3. Property Taxes (continued)
| Number of Tax Title Liens |
| Year | Number |
|---|
| 2019 | 151 |
| 2018 | 155 |
| 2017 | 163 |
The last tax sale was held on October 4, 2019.
The value of properties acquired by liquidation of tax title liens based on the last assessed valuation of such properties as of December 31, was as follows:
Year Amount
2019 $ 6,251,500.00
2018 6,306,200.00
2017 6,306,200.00
The following schedule details the amount of fund balances available at the end of the current year and four previous years and the amounts utilized in the subsequent year's budgets:
| Balance
December 31, | Utilized in
Budget of
Succeeding Year | Percentage
of Fund
Balance Used |
|---|
| Year | $ 13,383,343.88 | $ 4,808,000.00 | 35.93% |
| Current Fund: | 11,451,712.79 | 3,703,000.00 | 32.34% |
| 2017 | 9,775,978.70 | 3,703,000.00 | 37.88% |
There are no significant components of receivable and payable balances reported in the financial statements.
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