Acres for Cents: Delinquent Tax Auctions in Frontier Iowa

(Hardback)

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No one has...touched upon the new angle that Swierenga has used here; tax title auctions were a money lending mechanism for local farmers, a government managed loan agency.' Farmers found it was cheaper to let their taxes become delinquent and to pay the heavy interest and fees the law required because all the expenses involved were less than it would have cost them to pay their taxes at current interest.-The American Historical Review
"No one has...touched upon the new angle that Swierenga has used here; tax title auctions were a money lending mechanism for local farmers, a government managed loan agency.' Farmers found it was cheaper to let their taxes become delinquent and to pay the heavy interest and fees the law required because all the expenses involved were less than it would have cost them to pay their taxes at current interest."-The American Historical Review

Author Bio

ierenga /f Robert /i P.