Date of Conferral

2022

Degree

Ph.D.

School

Management

Advisor

Holly A. Rick

Abstract

Government-administered public auctions of private property to recoup unpaid taxes represent a common tool to collect funds while representing an investment vehicle for tax sale attendees. The problem was that factors such as starting bids, high bids, redemption timing, taxes due from prior years, possible interest earned, assessed land value, property structures, and possible economic gain were not widely understood by tax sale participants. The purpose of this correlational study was to examine the existence of relationships between or among the aforementioned attributes and the interest earned by a bidder or the odds of acquiring a tax deed. Quantitative theory, affords a precise and unbiased evaluation of decision-making with multiple inputs and variables, provided the foundation for secondary source data analysis via the 2017 Florence County, South Carolina, delinquent tax sale. A multiple linear regression analysis of 586 properties showed a statistically significant association between interest earned from the starting bid, highest bid, and days elapsed until the property was redeemed (F = 625, p < .001). A multiple binary logistic regression analysis of 676 properties showed if taxes were due in prior years, a positive relationship of more than six-fold (p < .05, Exp (B) = 6.064, 95% CI [1.637, 22.469]) existed with receiving a tax deed. The results indicate that if a structure was present, the estimated odds ratio showed a decrease of receiving a tax deed of nearly 58% (p < .05, Exp (B) = .426, 95% CI [0.197, 0.919]). The social change implications were that investors may utilize these results to enhance their strategies when attending delinquent tax sales. Positive social change may increase by providing marginalized groups investing options.

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