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Committee sets $117,675 minimum bid for New Richmond tax-deed property after realtor recommendation
Summary
County clerk presented a New Richmond tax-deed parcel, noting $35,000 in cleanup costs and a realtor-recommended opening bid of $117,675. Corporate counsel reviewed chapter 75 requirements and the committee voted unanimously to set the minimum bid.
The St. Croix County Administration Committee set a $117,675 minimum opening bid for a New Richmond tax-deed parcel after a county-contracted realtor recommended that figure.
County clerk Christine told the committee the parcel’s assessed value is provided in the packet and the realtor suggested an opening bid of $117,675. Christine noted the county spent about $35,000 to clean debris and prepare the house for resale.
Corporate counsel advised the committee about recent legal developments affecting tax-deed sales. Counsel said Wisconsin revised chapter 75 after the Hennepin County case was decided by the U.S. Supreme Court and that current state law generally requires the county to deduct cleanup and personnel costs from sale proceeds and then return the remaining funds to the prior owner or heirs. Counsel also told the committee there is a pending Supreme Court case focusing on the measurement date used to determine a sale’s value and that the county is using realtor valuation to provide evidence of market value.
Administrator Witt indicated support. Supervisor Long moved to set the realtor’s suggested list price of $117,675 for Parcel 261-1176-90-000 in the City of New Richmond; Shirley seconded. Committee members clarified that the motion sets a minimum floor for sealed bids and does not constitute final sale acceptance. The motion passed unanimously.
