COSL announces Independence County tax auction results

1
844

The recent auction of tax-delinquent properties in Independence County raised over $200,000, the Commissioner of State Lands (COSL) announced in a media release today.

The auction drew 21 bidders, who purchased 25 of the 26 available parcels for a total of $200,718.03 for county and state government.

The Land Commissioner’s office holds one auction in each county each year to return tax-delinquent land to active status.

“Most property certified to our office does not go to auction,” Commissioner Tommy Land said. “The vast majority of owners redeem their property by paying the delinquent taxes. Of course, we always prefer that property be redeemed, but it is vital that the parcels return to the county’s active tax rolls.”

Delinquent owners have 10 business days after the auction date to redeem the property before the COSL office issues a Limited Warranty Deed to the buyer.

The COSL office forwards taxes and interest to the county, whether that money is collected through redemption or sale.

“Last year, this office sent more than $16 million to school districts and county governments,” Land said. “Of that, $176,261.08 went to Independence County, helping fund everything from roads to schools.”

Property that did not sell at auction will be available after 30 days and can be reviewed through the Post-Auction Sales List at cosl.org.

Layout 1Get up-to-date local and regional news along with the latest sports and weather every weekday morning by listening to Gary B. and Ozark Newsline on Arkansas 103.3 KWOZWhite River Now updates are also broadcast weekday mornings on 93 KZLEOutlaw 106.5, and 99.5 Hits Now. If you have a news tip or event to promote, email White River Now at news@whiterivernow.comBe sure to like and follow White River Now on Facebook, Twitter, and Instagram.

1 COMMENT

Leave a Reply