Updated: Dec 1, 2021
MOUND CITY – Linn County Clerk David Lamb handed out copies of the treasurer’s yearly tax settlement report and quarterly interest report to the commissioners on Monday, Oct. 25.
Linn County Chair Rick James read that the delinquent real estate tax amount as of Sept. 30 is nearly $1.048 million.
Linn County Counselor Gary Thompson pointed out that about $700,000 of the delinquent real estate taxes was in the last three years. He said that was good because when the overdue taxes are recent like that, the county has not yet had a chance to sell the property and will still be able to collect much of the back taxes.
Personal property delinquent tax was nearly $32,700 as of Sept. 30.
The interest report showed that the interest through the third quarter in 2021 was about $32,400 and showed how it compared to the interest for this time last year, which was about $37,600.
Interest earned through the third quarter for 2021 for the Super Now Account is $555.99, for the certificate of deposit is $18,851.61, for the construction Super Now account $2,421.66 and the certificates of deposits for the construction account is $10,608.27.
Lamb explained to the commissioners that the interest was down from 2020 because interest rates are down and also because the construction account balance goes down as they make payouts.
Lamb told the commissioners that treasurers’ terms start at a different time in the year than other elected officials and that he had just sworn in Linn County Treasurer Janet Kleweno in on Oct. 12 for her current term.