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Charleston County holds public tax-sale auction; parcels fetch up to $1.2 million
Summary
Charleston County held a public tax-sale auction where county staff explained bidding, redemption caps and payment rules; dozens of parcels and mobile homes sold, including at least one lot that sold for $1.2 million and several other six-figure sales.
Charleston County ran a public tax-sale auction in which county staff and auctioneers called hundreds of parcels and mobile-home lots, selling dozens of properties across a wide price range. Speaker 1, the auctioneer, opened with procedural guidance for new bidders and explained how the county’s one-year redemption period and interest calculations work.
The auctioneer told attendees that the one-year redemption period is divided into four quarters and that interest accrues at about 3% per quarter but is capped at the amount of tax…
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