Setup Your PA Land Bank with Revenue Generated from MRS Tax Lien Management

February, 2018

School Money Matters

Online Newsletter From Municipal Revenue Service

Helping Pennsylvania School Districts realize new revenue for their budgets by selling delinquent property taxes with our patented tax lien management program.

Land banks are local governmental entities, not financial banking industry players. They fight neighborhood blight by helping communities obtain titles or manage vacant, abandoned properties that can carry years of unpaid property taxes. Usually after some form of restoration or demolition, land banks resell acquired properties to private owners. Placing a property back on the tax roll is one of many positive returns land banks provide. In Pennsylvania, a land bank can be created pursuant to Act 153. This Act, however, provides no funding source to operate a land bank. Possible funding sources could come from Community Development Block Grants, charitable donations or realignment of existing resources. What many counties and local communities don’t realize is they’re sitting on a long dormant asset that can be put to immediate use, like kick-starting your own land bank without a direct cash outlay from your current budget. Generating revenue from this asset (those unpaid property taxes) involves using a patented tax lien management program from Municipal Revenue Service (MRS).

Online Newsletter From Municipal Revenue Service

Although not a land bank, or a tax collector, MRS works with public entities, helping Pennsylvania taxing districts convert unpaid property taxes into instant revenue. Every PA municipality is sitting on delinquent real estate taxes. If a PA municipality transferees those unpaid property taxes to the land bank, this now becomes an asset the land bank can use to create funding. The MRS program is then used to broker a deal for the sale of your delinquent tax liens, generating unrestricted revenue back to the land bank, to provide sustainability or to be simply used initially as revenue to offset its own startup costs. The No-Obligation Tax Lien Management Seminar from Municipal Revenue Service MRS makes learning about tax lien management easy. To schedule a no-obligation educational seminar for your superintendent, business managers or school board, call MRS today at 814-476-0400 and ask for Jeff Spaulding or Jim Geronimo. Visit our new, recently updated website at www.municipalrevenues.com to find out more. And remember: We’re not tax collectors. Let’s talk tax lien management soon.

Helping Pennsylvania Taxing Districts Hit By Unpaid Property Taxes Generate New Revenue For Their Budgets Since 2003

Plan to stop by Booth 521 and check our new tradeshow booth we’ve put together for this year’s show. Spend some time with us learning about MRS Tax Lien Management and pick up a copy of our latest “User’s Guide to Generating Revenue by Selling Your Delinquent Real Estate Taxes” and let’s talk about selling your tax liens for instant revenue you can start using in your budget immediately.

The MRS User’s Guide simply & clearly defines tax lien management. Download a copy from our website if you can’t make it to the PASBO show this year.

After many years using the previous website layout it was time to update and redesign the MRS website making it more streamlined and modern, including a web responsive format that can be viewed on desktop computers as well as smart phones and other mobile devices. A new feature to the website that’s been added is a downloadable link for the MRS User’s Guide that provides an easy to understand introduction to tax lien management as well as a current reference list.