MASON CITY, Iowa – Cerro Gordo County is suing the owner of Southbridge Mall for unpaid real estate taxes and interest.
County Treasurer Patricia Wright says a civil lawsuit has been filed against Southbridge Mall Realty Holding LLC. It states the real estate taxes due in 2017 and the spring of 2018 for the mall buildings and improvements were not paid.
“My office has worked diligently over the past 18 months to collect the real estate taxes on the mall parcels,” says Wright. “The decision to file a lawsuit against a property owner is not one that my office makes lightly. However, my office has no other avenue to collect the unpaid taxes against the building parcels except through the civil action.”
Wright says back taxes on buildings and improvements cannot be made up at the annual tax sale under state law.
According to the lawsuit filed in Cerro Gordo County Civil Court, Southbridge Mall Realty Holding LLC is accused of owing the county $152,776, with interest added on at a rate of 1.5% a month.