CROWN POINT | The 2016 Lake County treasurer's tax sale is underway.

Lake Treasurer Peggy Katona said the county is offering for online auction more than 15,700 parcels of real estate where owners haven't paid their property taxes since at least May 2014.

She said a new state law permits her office to pull off the tax sale list the property of anyone who pays their delinquencies in full by next Thursday. She said no installment plans are accepted.

Registered buyers have been placing electronic bids since early Friday through the website of SRI, an Indianapolis-based auction service.

Katona said the sale will continue until Sept. 14.