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Commission committee approves sale of 31 delinquent tax parcels totaling $132,712.50
Summary
The Land Bank reported the sale of 31 county-owned delinquent-tax parcels; total sales were $132,712.50 while back taxes on the parcels totaled $260,602.26, leaving a net shortfall against back taxes for the set of parcels.
The Core City Neighborhoods and Housing Committee approved a resolution identifying purchasers for 31 county-owned delinquent tax parcels with collective sales receipts of $132,712.50. Esther Sykeswood, Land Bank administrator, told commissioners 25 of the parcels sold for less than their back taxes and that back taxes on the group totaled $260,602.26.
"The sales price was $132,712 and $0.50. The back taxes on these properties were $260,602.26 which is a net negative of 127,889.76 dollars," Sykeswood said, adding that five town buyers purchased a subset of properties. The clerk recorded five "I" votes and the item carried with a favorable recommendation from committee.
Sykeswood also noted that some properties were sold for over asking and that the Land Bank is tracking net recoveries; commissioners did not amend the resolution and advanced the sales to the full commission.
