Prairie County Land Auction Nets $25,537

COSL

The recent auction of tax-delinquent properties in Prairie County collected more than $25,000, the Commissioner of State Lands announced.

Thirteen bidders registered for the auction, purchasing seven of the 13 available parcels for a total of $25,537.81 for county and state government.

The Land Commissioner’s office conducts one tax-delinquent sale per county each year to dispose of land which has been certified with taxes past-due.

“We auction only a small percentage of parcels that are certified to the office,” Commissioner John Thurston said. “In most cases, the original owner redeems the delinquent property by paying the back taxes.”

While redemption of property is the preferred method of disposing of tax-delinquent lands, Thurston notes the important role of land sales in returning inactive parcels to the tax rolls.

Registered bidders may purchase land at the auctions. Registration to bid at land sales is free. Upon sale of tax-delinquent property, the Commissioner issues a limited warranty deed to the highest bidder.

Thurston’s office returns delinquent tax and interest collected, whether through redemption or sale, to the county taxing unit just as if the money had been originally collected there.

“Last year, we returned more than $17 million to school districts and county governments,” Thurston said. “Prairie County received almost $28,000 of that amount. This is an important process, because it provides stable revenue for necessary services including public schools.”

The public auction for the sale of tax delinquent land in Faulkner County will be held at the Country Inn & Suites on Amity Road in Conway, tomorrow afternoon at 1:00pm.

68 parcels are up for bid, with bidding beginning at the amount of taxes and fees that are due.

Registration begins at 12:30pm tomorrow afternoon.

Information about each parcel can be found on the Commissioner’s website at www.cosl.org.

White County sale of tax delinquent land is next Tuesday the 22nd, Jackson and Independence Counties next Wednesday May 23rd.

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