Dated: August 2, 2018 |
Cazenovia Creek Funding II, LLC
By: Caz Creek Tax Lien Fund, LLC, its Member
|
||
By: Cazenovia Creek Investment Management, LLC, its Manager | |||
|
By:
|
/s/
William J. Cohane
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|
Name: William J. Cohane | |||
Title: CEO and President | |||
Exhibit number
|
Description
|
Exhibit 1
|
Agreed-upon procedures report, dated July 31, 2018, of KPMG LLP.
|
·
|
The term “compared” means compared to the information shown and found it to be in agreement, unless otherwise noted. Such compared information was deemed to be in agreement if differences were attributable to rounding.
|
·
|
The term “recomputed” means recalculated and compared the result to the information shown and found it to be in agreement, unless otherwise noted. Such recomputed information was deemed to be in agreement if differences were attributable to rounding.
|
·
|
The term “rounding” means that dollar amounts, percentages, and numbers of days were within $1.00, 0.1%, and one (1) day, respectively.
|
·
|
The term “Cutoff Date” means June 21, 2018.
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·
|
The term “MTAG Servicing System” means the Company’s servicing system maintained by the Company’s servicer, MTAG Services, LLC (the “Servicer”).
|
·
|
The term “Daily Trial Balance Report” means a screen shot from the Servicer’s internal liens management system provided by the Servicer, on behalf of the Company, containing daily interest and principal information of the Selected Tax Liens (defined below).
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·
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The term “Boarding Files” means electronic data files provided by the Servicer, on behalf of the Company, containing information related to the assessed values of the Selected Tax Liens as of the Selected Tax Liens’ respective purchase year.
|
·
|
The term “Assessor Websites” means the websites of the city assessors or the county assessors containing information related to address, county, and state of the Selected Tax Liens. The Assessor
|
|
Websites are listed in Exhibit A.
|
·
|
The term “Reimbursable Fee Information” means an electronic data file entitled “Samples_Fees_ 24July2018.docx” provided by the Servicer, on behalf of the Company, containing information related to reimbursable fees of the Selected Tax Liens.
|
·
|
The term “Workset” means electronic data files provided by the Servicer, on behalf of the Company, containing information related to the overbid amount, property type, tax year, and assessed value of certain Selected Tax Liens.
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·
|
The term “State Interest and Penalty Information” means an electronic data file entitled “Interest.Penalty Matrix.pdf” provided by the Servicer, on behalf of the Company, containing information related to state interest and penalty rates of the Selected Tax Liens.
|
·
|
The term “Penalty and Interest Calculation Methodology” means three electronic data files entitled “Accrual Calculation System Documentation.xlsx,” “Bear Pen_Bear INt _ 20July2018.xlsx,” and “Caz Simple-interest-loan-calculator_for Propel Template.xlsx,” provided by the Servicer, on behalf of the Company, containing calculation methodologies for the Penalty Amount and Interest Amount of the Selected Tax Liens.
|
·
|
The term “Lien File” means the documents listed in Exhibit B. The Lien File, furnished to us by the Company, was represented to be either the original Lien File or a copy of the original Lien File.
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Attributes
|
Lien File/Instructions
|
Purchase Date
|
Affidavit; Agreement for the Assignment of Certain Real Property Tax and Sewer Use Liens; Agreement for the Purchase of Delinquent Tax and Sewer Use Liens; Application for Tax Deed; Assessor Websites; Assignment of Delinquent Tax and Sewer Use Liens; Assignment of Real Property Tax Liens and Sewer Use Liens; Assignment of Tax Liens; Bid Reports; Certificate of Purchase; Certificate of Sale; Certificate Statement of Transfer of Tax Lien; Contract for Purchase, Sale and Assignment of Delinquent Real Property Tax Receivables; RealTDA Tax Lien Sale List; Schedule of Receivables Contract; Screenshot of County Tax Collector Site; Screenshot of RealTDA Certificate History Screen; Tax Certificate; Tax Lien Contract; Tax Lien Sale List; Tax Receipt; Tax Report; Tax Sale Receipt; Transfer of Tax Lien
|
Tax Year
|
Affidavit; Agreement for the Assignment of Certain Real Property Tax and Sewer Use Liens; Application for Tax Deed; Assessor Websites; Assignment of Delinquent Tax and Sewer Use Liens; Assignment of Real Property Tax Liens and Sewer Liens; Assignment of Tax Liens; Bid Report; Certificate of Purchase; Certificate of Sale; Certificate Statement of Transfer of Tax Lien; Contract for Purchase, Sale and Assignment of Delinquent Real Property Tax Receivables; RealTDA Tax Lien Sale List; Schedule of Receivables Contract; Screenshot of County Tax Collector Site; Screenshot of RealTDA Certificate History Screen; Tax Certificate; Tax Lien Contract; Tax Report; Transfer of Tax Lien; Workset
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Rank
|
Tax Certificate, Affidavit, and instruction provided by the Servicer, on behalf of the Company, described below
|
Bankrupt
|
Screenshot from PACER (Public Access to Court Electronic Records)
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Address
|
Tax Sale Test List, Application for Tax Deed, Assessor Websites, Bid Report, Bid Results, County Real Property Report, Property Appraiser, RealTDA Tax Lien Sale List, Schedule of Receivables Contract, Screenshot of RealTDA Certificate History Screen
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County
|
Application for Tax Deed, Assessor Websites, Bid Report, Bid Results, County Real Property Report, Property Appraiser, RealTDA Tax Lien Sale List, Screenshot of RealTDA Certificate History Screen
|
State
|
Application for Tax Deed, Assessor Websites, Bid Report, Bid Results, County Real Property Report, Property Appraiser, RealTDA Tax Lien Sale List, Screenshot of RealTDA Certificate History Screen
|
Attributes
|
Lien File/Instructions
|
Property Type
|
Assessor Websites, Bid Report, County Property Appraiser, County Real Property Report, Use Codes Mapping, Workset
|
Current Interest Rate
|
Application for Tax Deed; Assessor Websites; Bid Report; Bid Results; Payment Agreement; Penalty and Interest Calculation Methodology; Propel Tax - Disclosure of Interest rate, cost, and fees; RealTDA Tax Lien Sale List; Residential Loan Application; Schedule of Receivables Contract; Screenshot of RealTDA Certificate History Screen; State Interest and Penalty Information; Tax Certificate
|
Current Penalty Rate
|
State Interest and Penalty Information, Penalty and Interest Calculation Methodology
|
Tax Amount/ Recomputed Tax Amount
|
Affidavit, Agreement for the Assignment of Certain Real Property Tax and Sewer Use Liens, Application for Tax Deed, Assessor' Websites, Assignment of Delinquent Tax and Sewer Use Liens, Assignment of Real Property Tax Liens and Sewer Liens, Assignment of Tax Liens, Bid Report, Bid Results, Certificate Of Land Sold For Taxes To Individual, Certificate of Purchase, Certificate of Sale, Certificate of Sale for Unpaid Municipal Liens, Certificate Statement of Transfer of Tax Lien, Daily Trial Balance Report, RealTDA Tax Lien Sale List, Schedule of Receivables Contract, Screenshot of RealTDA Certificate History Screen, Tax Certificate, Tax Lien Contract, Tax Lien Sale List, Tax Report, Tax Sale Test List, Transfer of Tax Lien, Penalty and Interest Calculation Methodology
|
Overbid Amount
|
Assignment of Real Property Tax Liens and Sewer Liens, Agreement for the Assignment of Certain Real Property Tax and Sewer Use Liens, Assignment of Delinquent Tax and Sewer Use Liens, Assignment of Real Property Tax Liens and Sewer Use Liens, Assignment of Tax Liens, Bid Report, Certificate of Sale, Tax Certificate, Tax Lien Sale List, Workset
|
Reimbursable Fees
|
Agreement for the Assignment of Certain Real Property Tax and Sewer Use Liens, Assignment of Delinquent Tax and Sewer Use Liens, Assignment of Real Property Tax Liens and Sewer Liens, Assignment of Real Property Tax Liens and Sewer Use Liens, Assignment of Tax Liens, Reimbursable Fee Information, Tax Certificate
|
Market Value
|
The Servicer, on behalf of the Company, instructed us to consider the Market Value to be the same as the Assessed Value for all Selected Tax Liens
|
Attributes
|
Lien File/Instructions
|
Interest Amount
|
Recompute using Penalty and Interest Calculation Methodology, Assignment of Real Property Tax Liens and Sewer Use Liens, Assignment of Real Property Tax Liens and Sewer Liens, Assignment of Delinquent Tax and Sewer Use Liens, Agreement for the Assignment of Certain Real Property Tax and Sewer Use Liens, Sub Assignment of Real Property Tax Liens
|
Penalty Amount
|
Recompute using Penalty and Interest Calculation Methodology
|
Redemptive Value
|
Recompute using instructions provided by the Servicer, on behalf of the Company, described below
|
Combined Redemptive Value
|
Recompute using instructions provided by the Servicer, on behalf of the Company, described below
|
Combined OLTV
|
Recompute using instructions provided by the Servicer, on behalf of the Company, described below
|
State
|
County
|
Assessor Website Address
|
||
AL
|
Mobile
|
https://www.mobile-propertytaxapps.com/mobilecz/Caportal/caportal_mainpage.aspx?CapEntry=1
|
||
AZ
|
Navajo
|
http://www.navajocountyaz.gov/Departments/Treasurer/Property-Taxes/Pay-Property-Taxes
|
||
CT
|
Ansonia
|
http://ansonia.mapxpress.net/
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||
CT
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Cheshire
|
http://cheshire.mapxpress.net/
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||
CT
|
Danbury
|
http://gis.vgsi.com/danburyct/
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||
CT
|
Milford
|
http://gis.vgsi.com/milfordct/
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||
CT
|
West Haven
|
http://www.westhavengis.com/
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||
FL
|
Alachua
|
https://alachua.county-taxes.com/public
http://www.acpafl.org/searchaddr.asp
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||
FL
|
Bay
|
http://baypa.net/search.html
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||
FL
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Bradford
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http://bradfordappraiser.com/GIS/Search_F.asp
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||
FL
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Brevard
|
https://www.bcpao.us/PropertySearch/#/nav/Search
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||
FL
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Broward
|
http://www.bcpa.net/RecMenu.asp
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||
FL
|
Citrus
|
https://citrus.county-taxes.com/public
http://www.citruspa.org/_web/search/commonsearch.aspx?mode=address
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||
FL
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Collier
|
http://www.collierappraiser.com/
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||
FL
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Dade
|
https://miamidade.county-taxes.com/public
https://www.miamidade.gov/propertysearch/#/
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||
FL
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Duval
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http://apps.coj.net/PAO_PropertySearch/Basic/Search.aspx
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||
FL
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Escambia
|
http://www.escpa.org/cama/Search.aspx
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||
FL
|
Flagler
|
http://www.hcpao.org/Search
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||
FL
|
Hendry
|
http://www.hendryprop.com/GIS/Search_F.asp
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||
FL
|
Hernando
|
https://www.hernandocountygis-fl.us/propertysearch/
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||
FL
|
Highlands
|
http://www.hcpao.org/Search
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||
FL
|
Hillsborough
|
https://www.hcpafl.org/
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||
FL
|
Indian River
|
https://indianriver.county-taxes.com/public
http://www.ircpa.org/Search.aspx
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||
FL
|
Jackson
|
http://jacksoncountytaxcollector.com/Property/SearchSelect?Accept=true&ClearData=True
http://qpublic6.qpublic.net/fl_search_dw.php?county=fl_jackson
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||
FL
|
Lake
|
https://www.lakecopropappr.com/property-search.aspx?
http://www.lake.iviewauditor.com/Search.aspx
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||
FL
|
Lee
|
https://www.leepa.org/Search/PropertySearch.aspx
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||
FL
|
Madison
|
http://madisonpa.com/
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||
FL
|
Monroe
|
http://www.mcpafl.org/
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||
FL
|
Nassau
|
https://maps.nassauflpa.com/NassauSearch/IS_SearchResults2015/ShowIS_NewSearchResults2015Table.aspx
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||
FL
|
Okaloosa
|
http://www.okaloosapa.com/search.html
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||
FL
|
Okeechobee
|
http://www.okeechobeepa.com/GISv1/
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State | County | Assessor Website Address | ||
FL
|
Orange
|
https://www.ocpafl.org/searches/parcelsearch.aspx
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||
FL
|
Osceola
|
http://ira.property-appraiser.org/PropertySearch/
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||
FL
|
Palm Beach
|
https://www.pbcgov.org/papa/
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||
FL
|
Pasco
|
http://search.pascopa.com/
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||
FL
|
Pinellas
|
https://www.pcpao.org/
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||
FL
|
Polk
|
http://fl-polk-taxcollector.governmax.com/collectmax/collect30.asp?sid=1B8F7022AB484444A7980DEE736CE1FD
http://www.polkpa.org/CamaDisplay.aspx
|
||
FL
|
Putnam
|
https://ptax.putnam-fl.com/ptaxweb/
http://pa.putnam-fl.com/index.php/property-search/
|
||
FL
|
Santa Rosa
|
http://qpublic6.qpublic.net/fl_search_dw.php?county=fl_santarosa
https://santarosa.county-taxes.com/public
|
||
FL
|
Sarasota
|
https://www.sc-pa.com//propertysearch
|
||
FL
|
St Lucie
|
https://stlucie.county-taxes.com/public
https://www.paslc.org/map/propertySearch.html
|
||
FL
|
Sumter
|
https://sumter.county-taxes.com/public
http://www.sumterpa.com/GIS/?pin=G15A094
|
||
FL
|
Suwannee
|
http://www.suwanneepa.com/GIS/Search_F.asp
|
||
FL
|
Volusia
|
http://publicaccess.vcgov.org/volusia/search/commonsearch.aspx?mode=realprop
|
||
FL
|
Washington
|
http://www.washingtoncountytaxcollector.com/Property/SearchSelect?Accept=true&ClearData=true
https://qpublic.schneidercorp.com/Application.aspx?App=WashingtonCountyFL&Layer=Parcels&PageType=Search
|
||
IL
|
Cook
|
http://www.cookcountyassessor.com/Search/Property-Search.aspx
|
||
NJ
|
Hoboken
|
http://www.hudsoncountynj.org/search-tax-records/
|
||
NJ
|
Stafford
|
http://www.tax.co.ocean.nj.us/TaxBoardTaxListSearch.aspx
|
||
NJ
|
Union Beach
|
http://oprs.co.monmouth.nj.us/oprs/index.aspx
|
||
OH
|
Cuyahoga
|
http://myplace.cuyahogacounty.us/
|
||
OH
|
Lake
|
http://www.lake.iviewauditor.com/Search.aspx
https://www.lakecopropappr.com/property-search.aspx?
|
||
OH
|
Portage
|
http://portagecountyauditor.org/Search.aspx
|
||
SC
|
Sumter
|
https://www.sumtersctax.com/taxes.html#/
http://www.sumtercountysc.org:8080/EGSV2SMTR/RPSearch.do
|
||
TN
|
Davidson
|
http://www.padctn.org/prc/#/search/1
|
||
TX
|
Dallas
|
https://www.dallasact.com/act_webdev/dallas/index.jsp
http://www.dallascad.org/AcctDetailRes.aspx?ID=004254000136A0000
|
||
TX
|
Jefferson
|
https://propaccess.trueautomation.com/clientdb/?cid=91
|
1.
|
Affidavit
|
2.
|
Agreement for the Assignment of Certain Real Property Tax and Sewer Use Liens
|
3.
|
Agreement for the Purchase of Delinquent Tax and Sewer Use Liens
|
4.
|
Application for Tax Deed
|
5.
|
Assessor Websites
|
6.
|
Assignment of Delinquent Tax and Sewer Use Liens
|
7.
|
Assignment of Real Property Tax Liens and Sewer Liens
|
8.
|
Assignment of Real Property Tax Liens and Sewer Use Liens
|
9.
|
Assignment of Tax Liens
|
10.
|
Bid Reports
|
11.
|
Bid Results
|
12.
|
Certificate Of Land Sold For Taxes To Individual
|
13.
|
Certificate of Purchase
|
14.
|
Certificate of Sale
|
15.
|
Certificate of Sale for Unpaid Municipal Liens
|
16.
|
Certificate Statement of Transfer of Tax Lien
|
17.
|
Contract for Purchase, Sale and Assignment of Delinquent Real Property Tax Receivables
|
18.
|
County Appraisal
|
19.
|
County Property Appraiser
|
20.
|
County Real Property Report
|
21.
|
Daily Trial Balance Report
|
22.
|
Payment Agreement
|
23.
|
Penalty and Interest Calculation Methodology
|
24.
|
Propel Tax - Disclosure of Interest rate, cost, and fees
|
25.
|
Property Appraiser
|
26.
|
RealTDA Tax Lien Sale List
|
27.
|
Reimbursable Fee Information
|
28.
|
Residential Loan Application
|
29.
|
Schedule of Receivables Contract
|
30.
|
Screenshot from PACER (Public Access to Court Electronic Records)
|
31.
|
Screenshot of CAD - Property search
|
32.
|
Screenshot of County Tax Collector Site
|
33.
|
Screenshot of RealTDA Certificate History Screen
|
34.
|
State Interest and Penalty Information
|
35.
|
Sub Assignment of Real Property Tax Liens
|
36.
|
Tax Certificate
|
37.
|
Tax Lien Contract
|
38.
|
Tax Lien Sale List
|
39.
|
Tax Receipt
|
40.
|
Tax Report
|
41.
|
Tax Sale Receipt
|
42.
|
Tax Sale Test List
|
43.
|
Transfer of Tax Lien
|
44.
|
Use Codes Mapping
|
45.
|
Workset
|
Selected
Tax Lien ID
|
Selected
Tax Lien
Number
|
Selected
Tax Lien ID
|
Selected
Tax Lien
Number
|
Selected
Tax Lien ID
|
Selected
Tax Lien
Number
|
Selected
Tax Lien ID
|
Selected
Tax Lien
Number
|
|||||||
2018001
|
1
|
2018050
|
36
|
2018099
|
83
|
2018148
|
132
|
|||||||
2018002
|
2
|
2018051
|
37
|
2018100
|
84
|
2018149
|
133
|
|||||||
2018003
|
3*
|
2018052
|
38
|
2018101
|
85
|
2018150
|
134
|
|||||||
2018004
|
4
|
2018053
|
39
|
2018102
|
86
|
2018151
|
135
|
|||||||
2018005
|
5
|
2018054
|
40
|
2018103
|
87
|
2018152
|
136
|
|||||||
2018006
|
6
|
2018055
|
41
|
2018104
|
88
|
2018153
|
137
|
|||||||
2018007
|
7
|
2018056
|
42
|
2018105
|
89
|
2018154
|
138
|
|||||||
2018008
|
8
|
2018057
|
43
|
2018106
|
90
|
2018155
|
139
|
|||||||
2018009
|
8 - S1
|
2018058
|
44
|
2018107
|
91
|
2018156
|
140
|
|||||||
2018010
|
8 - S2
|
2018059
|
45
|
2018108
|
92
|
2018157
|
141
|
|||||||
2018011
|
9
|
2018060
|
46
|
2018109
|
93
|
2018158
|
142
|
|||||||
2018012
|
10
|
2018061
|
47
|
2018110
|
94
|
2018159
|
143
|
|||||||
2018013
|
11
|
2018062
|
48
|
2018111
|
95
|
2018160
|
144
|
|||||||
2018014
|
12
|
2018063
|
49
|
2018112
|
96
|
2018161
|
145
|
|||||||
2018015
|
12 - S1
|
2018064
|
50
|
2018113
|
97
|
2018162
|
146
|
|||||||
2018016
|
12 - S2
|
2018065
|
51
|
2018114
|
98
|
2018163
|
147
|
|||||||
2018017
|
13
|
2018066
|
52
|
2018115
|
99
|
2018164
|
148
|
|||||||
2018018
|
13 - S1
|
2018067
|
53
|
2018116
|
100
|
2018165
|
149
|
|||||||
2018019
|
13 - S2
|
2018068
|
54
|
2018117
|
101
|
2018166
|
150
|
|||||||
2018020
|
14
|
2018069
|
55
|
2018118
|
102
|
2018167
|
151
|
|||||||
2018021
|
15
|
2018070
|
56
|
2018119
|
103
|
2018168
|
152
|
|||||||
2018022
|
15 - S1
|
2018071
|
57
|
2018120
|
104
|
2018169
|
153
|
|||||||
2018023
|
15 - S2
|
2018072
|
58
|
2018121
|
105
|
2018170
|
154
|
|||||||
2018024
|
16
|
2018073
|
58 - S1
|
2018122
|
106
|
2018171
|
155
|
|||||||
2018025
|
16 - S1
|
2018074
|
59
|
2018123
|
107
|
2018172
|
156
|
|||||||
2018026
|
16 - S2
|
2018075
|
60
|
2018124
|
108
|
2018173
|
157
|
|||||||
2018027
|
17
|
2018076
|
61
|
2018125
|
109
|
2018174
|
158
|
|||||||
2018028
|
18
|
2018077
|
62
|
2018126
|
110
|
2018175
|
159
|
|||||||
2018029
|
18 - S1
|
2018078
|
63
|
2018127
|
111
|
2018176
|
160
|
|||||||
2018030
|
18 - S2
|
2018079
|
64
|
2018128
|
112
|
2018177
|
161
|
|||||||
2018031
|
19
|
2018080
|
64 - S1
|
2018129
|
113
|
2018178
|
162
|
|||||||
2018032
|
20
|
2018081
|
65
|
2018130
|
114
|
2018179
|
163
|
|||||||
2018033
|
21
|
2018082
|
66
|
2018131
|
115
|
2018180
|
164
|
|||||||
2018034
|
22
|
2018083
|
67
|
2018132
|
116
|
2018181
|
165
|
|||||||
2018035
|
22 - S4
|
2018084
|
68
|
2018133
|
117
|
2018182
|
166
|
|||||||
2018036
|
23
|
2018085
|
69
|
2018134
|
118
|
2018183
|
167
|
|||||||
2018037
|
24
|
2018086
|
70
|
2018135
|
119
|
2018184
|
168
|
|||||||
2018038
|
25
|
2018087
|
71
|
2018136
|
120
|
2018185
|
169
|
|||||||
2018039
|
26
|
2018088
|
72
|
2018137
|
121
|
2018186
|
170
|
|||||||
2018040
|
27
|
2018089
|
73
|
2018138
|
122
|
2018187
|
171
|
|||||||
2018041
|
27 - S1
|
2018090
|
74
|
2018139
|
123
|
2018188
|
172
|
|||||||
2018042
|
28
|
2018091
|
75
|
2018140
|
124
|
2018189
|
173
|
|||||||
2018043
|
29
|
2018092
|
76
|
2018141
|
125
|
2018190
|
174
|
|||||||
2018044
|
30
|
2018093
|
77
|
2018142
|
126
|
2018191
|
175
|
|||||||
2018045
|
31
|
2018094
|
78
|
2018143
|
127
|
2018192
|
176
|
|||||||
2018046
|
32
|
2018095
|
79
|
2018144
|
128
|
2018193
|
177
|
|||||||
2018047
|
33
|
2018096
|
80
|
2018145
|
129
|
2018194
|
178
|
|||||||
2018048
|
34
|
2018097
|
81
|
2018146
|
130
|
2018195
|
179
|
|||||||
2018049
|
35
|
2018098
|
82
|
2018147
|
131
|
2018196
|
180
|
Selected Tax
Lien ID
|
Selected Tax
Lien Number
|
Attribute
|
Per
Data File
|
Per
Lien File
|
||||
2018003
|
3
|
Assessed Value
|
$48,046
|
$62,042
|
||||
2018070
|
56
|
Recomputed Interest Amount
|
$83.22
|
$79.35
|
||||
2018078
|
63
|
Tax Year
|
2016
|
2015
|
||||
2018190
|
174
|
Recomputed Interest Amount
|
$7.62
|
Lien File Document Not Available
|
||||
2018191
|
175
|
Recomputed Interest Amount
|
$180.67
|
Lien File Document Not Available
|
||||
2018192
|
176
|
Recomputed Interest Amount
|
$4.93
|
Lien File Document Not Available
|
||||
2018194
|
178
|
Recomputed Interest Amount
|
$48.92
|
$52.12
|
||||
2018193
|
177
|
Reimbursable Fees
|
$87.20
|
Lien File Document Not Available
|
||||
2018194
|
178
|
Reimbursable Fees
|
$14.15
|
Lien File Document Not Available
|
||||
2018195
|
179
|
Reimbursable Fees
|
$476.40
|
Lien File Document Not Available
|
||||
2018196
|
180
|
Reimbursable Fees
|
$5.75
|
Lien File Document Not Available
|