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Limestone County approves reoffering two tax-trust properties at reduced prices to recover unpaid taxes
Summary
County commissioners approved a request from an attorney for authority to reoffer two tax-trust properties at reduced prices to recover unpaid taxes after previous sales failed; one property’s appraisal was described as substantially higher than market value and the attorney warned unsold properties would remain exempt for another year.
An attorney addressing the Limestone County Commission described two tax-trust properties and asked the commission for authority to reoffer them at lower prices to recover unpaid property taxes.
The attorney (Speaker 3) said one property was previously offered at $59,000 but is “severely overvalued by the appraisal district,” citing appraisal figures in the transcript in the $251,000–$257,000 range for the combined building and land. He said the usual practice when reoffering trust properties is to set a price at roughly half the prior asking price; for the second property — a vacant lot in the town referred to as “Val” — he said the reoffer would be “between 3 and $4,000.” He warned that if the properties did not sell at the November sale they would remain exempt for the following year while held in trust, delaying tax recovery.
Speaker 3 summarized: “the purpose of trust properties is to basically reoffer them for lower dollar amounts so that you get them back on the tax.” The commission asked clarifying questions about appraisal and condition; the attorney noted the building had not been maintained and that bidders factor renovation costs into their offers.
Unidentified Official (Speaker 2) moved to approve selling the trust properties at the reduced prices as discussed; the motion was seconded and carried with no recorded opposition.
The commission’s approval grants the county attorney the authority to set the reoffer prices within the range discussed and proceed with the sale at the November tax sale. The attorney said his objective was to recover unpaid taxes rather than to secure full appraised value. The record does not show subsequent details about purchaser restrictions, minimum bid procedures, or deadlines beyond the November sale.
