NORWICH – Chenango County lost money last year after its annual sale of tax-delinquent properties.
The amount of back taxes owed on 51 parcels, which had been in arrears since at least 2008, was $431,300. Earlier news reports showed a gain for the 44 properties that changed hands after the original sale in June, but the subsequent sale of seven parcels that were re-bid in October resulted in an overall loss of $37,177.
There was a gain of $298,421 between the two tax sales in 2011.