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Freestone County to hold excess tax‑sale proceeds in interest account; could generate about $50,000
Freestone County Commissioners Court · November 6, 2025
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Summary
County officials approved moving unclaimed excess proceeds from tax sales into an interest‑bearing TexPool account; staff estimated about $1 million in the account and potential interest revenue of roughly $50,000 for the county if funds remain unclaimed past the statutory period.
The commissioners approved a motion to hold unclaimed excess proceeds from tax sales in an interest‑bearing account (TexPool) while owners retain a statutory two‑year period to claim funds. The district clerk and the county’s tax attorney advised that state statute permits…
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