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Committee discusses tax‑deed sales, realtor compensation and pricing flexibility
Summary
Members reviewed tax‑deed sales progress, discussed granting staff authority to adjust listing prices to improve marketability, and clarified that proceeds must be returned to former owners unless unclaimed for a year; committee agreed to consider a motion at the next meeting after staff provides proposed new listing prices.
Committee members received an update on county tax‑deed sales and discussed realtor compensation and pricing flexibility for hard‑to‑sell parcels.
Staff said the county has sold several properties under the current program (roughly six to eight since the effort began) and still holds some vacant land that has generated little interest. Tony, the county’s realtor (referenced in earlier minutes), is working on updated listing prices; staff indicated they would bring proposed reduced listing prices to the committee for approval at the next meeting rather than proceeding today.
Members discussed the prospect of the county accepting a loss on older tax liabilities in order to sell low‑value parcels more quickly. Committee counsel advised that proceeds from a sale must first be offered to the former owner but unclaimed funds may be retained by the county after a statutory unclaimed‑property period; members said they would proceed cautiously and coordinate with corp counsel.
No foreclosure decisions were made and no pricing changes were adopted at this meeting; staff will prepare updated listing prices and seek a motion at a subsequent meeting.
