Claiming the Unclaimed: How Tax Collectors Can Claim Property to Satisfy Delinquent Taxes

Understanding what Unclaimed Property is and how to obtain it is a valuable asset overlooked by many Tax Collectors. Funds received by local governments through Unclaimed Property programs help rebound budget shortfalls created by delinquent taxes where other collection methods fail. All 50 states have an Unclaimed Property Program, with $32.877 billion dollars currently being held across the nation. Claiming these funds to apply to delinquent taxes help jurisdictions bridge the gap that many budgets are now facing. Many local governments may also be surprised to learn that unclaimed funds are currently being held in their jurisdiction's name as well. This Webinar takes a practical approach to this collection method using real-life examples for obtaining unclaimed property for delinquent taxes, as well as local government entities. By laying the most common misconceptions to rest, and answering the inevitable How-Do-I-Begin, this webinar will provide the confidence to those who have yet to explore this possibility.

Key Take-Aways

Identify what unclaimed property is and how it becomes unclaimed
Learn how to locate property owned by delinquent taxpayers
Understand how to locate property owed to local governments
Discuss applying funds to delinquent taxes before the funds are to be escheated by your jurisdiction
Clarify the common misconceptions about unclaimed money

Speaker and Presenter Information

Lorie Domnas, CLA, NCCP is a state and national Certified Paralegal who currently serves as Administrative Assistant to the Durham County Tax Administrator. She has over six years of experience as a paralegal in the public and private sectors. Lorie is a Certified Deputy Tax Collector and Personal Property Appraiser. She has worked with the North Carolina Department of State Treasurer Unclaimed Property Division regarding rules and procedures for uniformity of garnishments from all local governments in the state. Lorie presented this same topic at a North Carolina Tax Collectors Association Conference and has wrote an article on this topic in the July 2010 edition of IAAO�s Fair and Equitable magazine.