Gearhart owes county $207,000
June 7, 2012
The county tax collector has added his name to the growing list of people, banks and other businesses owed money by former North County developer Kelly V. Gearhart, claiming the Ohio resident is more than $207,000 in arrears in property tax payments and assessments to San Luis Obispo County.
Gearhart, once one of the most prominent residents of Atascadero and a one-time “Person of the Year” for the Atascadero Chamber of Commerce, reportedly owes the tax funds on 11 properties on North Ferrocarril Road in that city. His wife, Tamara, is listed as co-debtor on one of those properties.
The Gearharts moved to Wadsworth, Ohio in the wake of Kelly’s collapsing development dynasty, and he reportedly now is the subject of numerous government and law enforcement investigations into his financial dealings while in this county.
In a public document published Wednesday, Tax Collector Frank L. Freitas noted the properties with outstanding tax obligations may be sold as early as July 1. If prior arrangements are not made with the Assessor’s Office, the entire amount due must be paid by that date in order to redeem property.