Unclaimed Lotteries and Property Tax Refunds

It’s always shocking to me that lottery winnings go unclaimed! Who buys these tickets and then forgets to claim them after they win? And, we’re not talking small amounts. There is a $1 million lottery ticket sold in Streamwood, IL in February that is currently unclaimed. And million dollar unclaimed lottery tickets are not uncommon. According to CNN Money about 300 prizes worth a million or more went unclaimed in 2013!

But what about property tax refunds? Surely, folks who file appeals follow up to collect the refunds. Not always. The San Diego County Treasurer is currently seeking owners of $1.3 million in unclaimed funds, primarily property tax refunds that haven’t been claimed. Who files appeals and refund claims and then forgets about them?