Survey of Accountability for Property Tax Liability on HUD-Held Home Mortage

FGMSD-77-38: Published: May 5, 1977. Publicly Released: May 5, 1977.

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A follow-up review of the Department of Housing and Urban Development's (HUD) tax payment system on acquired single family property was conducted to evaluate the new decentralized accounting system for paying the property taxes. A semiannual tax payment to Hamilton County, Ohio, which was due on August 6, 1976, was reviewed.

Although HUD decentralized responsibility for paying taxes on acquired single family properties to the local HUD insuring office, these properties represented only 8 percent of its $242,000 tax liability in Hamilton County and 27 percent of its taxable properties in the county. HUD Headquarters continues to retain control over property taxes on multifamily and assigned single family properties. At Hamilton County, tax payment deficiencies on these properties, which were similar to earlier deficiencies on the acquired single family properties, were noted.

Recommendation for Executive Action

  1. Status: Closed

    Comments: Please call 202/512-6100 for additional information.

    Recommendation: The Secretary, HUD, should improve the tax payment system by: (1) providing adequate staffing for the tax payment functions, including provision for additional resources during tax payment periods; (2) reconciling the local office inventory with ownership records and tax bill mailing lists maintained by the local tax authority; and (3) requiring all property buyers to immediately transfer title into their own names.

    Agency Affected:

 

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