Annual property tax sale to be held Tuesday

Bossier Sheriff’s Office will hold its annual Property Tax Sale on Tuesday, June 5, from 8 a.m. to 8 p.m., for properties that have unpaid 2017 property taxes.

The sale is for approximately 354 assessments of land, commercial and residential properties that have unpaid ad valorem property taxes for 2017. Asst. Chief David Miller of the Bossier Sheriff’s Office said these are immovable properties, such as raw land and houses.

Since 2008, the number of assessments that go to the tax sale have been less than .25% (1/4 of 1 percent), and it’s been fairly consistent over the past 10 years.

“We start out with 60,000 assessments,” he said. “Historically, Bossier Parish has been really low in the amount of properties that we’ve carried to sale…350 sounds like a lot, but in the grand scheme it’s actually not that many.”

The purpose of the tax sale is to clean up loose ends, Miller said.

“For whatever reason, some people just can’t pay. Some people are in a bind, there might have been a death or some just can’t pay it,” he said. “This is our way to finalize collections.”

Preparation for the sale begins long before the properties go up for sale.

“The sheriff, by statute, is the ex-officio tax collector for the parish for ad valorem tax,” Miller explained. “The [tax] assessor actually values the properties, whether it’s commercial, residential or moveables. They work on that until about September/October.”

At that point, they get it approved through the Louisiana Tax Commission in Baton Rouge. Once approved, it’s forwarded to the Bossier Sheriff’s Office for collection.

“That’s when we print out our notices and send them out in November,” Miller said. “The tax sale is a culmination of that effort to collect those taxes.”

The Tax Sale is open to the public and will be held online only. To register and bid, go to www.civicsource.com, and click on “Sign In” to register. The bidding process is explained upon registration.

Potential buyers are encouraged to do their research before they bid on the listed properties.

“The ones that do this year in and year out know what to go look at, where the property is and what it is,” Miller added.

Online payments at www.bossiersheriff.com are accepted through noon Tuesday, but payments can still be made in person by 4:30 p.m. Tuesday at the Bossier Parish Courthouse or any of the Sheriff’s Office substations.

The monies collected then are distributed to a number of various public agencies. Miller said there are about 25 different agencies they collect for, with Bossier Parish Schools being the largest recipient of money.

Property owners of these unpaid assessments were given until 4:30 p.m. Monday, June 4, to have their property removed from the Tax Sale list. Miller said once their properties are sold, the owners have the option to redeem it up to three years through the Sheriff’s Office.

“It’s cleaning up loose ends, but they still have an out,” Miller said.

For further information or payment options, call the Bossier Sheriff’s Office Property Tax Department at (318) 965-3400.

Original article found here: http://bossierpress.com/annual-property-tax-sale-to-be-held-tuesday/

Walker, Killian to hold online tax certificate sale on Wednesday

LIVINGSTON — On Wednesday, the city of Walker and the town of Killian will host their annual tax certificate sale at civicsource.com.

The online auction opens at 8 a.m. and ends at 8 p.m., subject to a sliding close.

More than 45 properties are slated to go to auction between the two sales, ranging in price from $501 to $1,741. The sale is open to the public.

Free bidder registration and a list of tax sale properties are available at civicsource.com.

A tax certificate is an interest-bearing lien on a tax-delinquent property that can be converted into a deed after a three-year redemptive period. Certificates are sold by a taxing authority at a public auction for the amount of the delinquent taxes due, plus any accrued interest, penalties, costs and other statutory impositions, a news release said.

In Louisiana, tax certificate purchasers receive a 5 percent penalty and an interest rate of 1 percent per month for the duration of the three-year redemptive period. Tax certificate sales are a low-bid-wins style auctions, in which the property is sold to the purchaser willing to bid on the least percent ownership interest in the property. If the property is not redeemed by the delinquent owner within the three-year redemptive period, the investor can file to acquire ownership in the property based on his or her bid amount.

Winning bidders of the tax sale are expected to pay for their purchases within 24 hours of the close of the auction. Payment must be made in one installment, and all sales are final.

Original article found here: http://www.theadvocate.com/baton_rouge/news/communities/livingston_tangipahoa/article_476f0d4c-5f74-11e8-9016-43dd950a0297.html

Bossier Sheriff schedules property tax sale for Tuesday, June 5

The Bossier Parish Sheriff’s Office will hold its annual property tax sale on Tuesday, June 5, from 8 a.m. to 8 p.m., for properties that have unpaid 2017 property taxes.

The sale is for approximately 354 assessments of land, commercial and residential properties that have unpaid ad valorem property taxes for 2017.

Property owners of these unpaid assessments can still make their tax payments by 4:30 p.m. Monday, June 4, to have their property removed from the Tax Sale list. Online payments at www.bossiersheriff.com are accepted through noon Tuesday, but payments can still be made in person by 4:30 p.m. Tuesday at the Bossier Parish Courthouse or any of the Sheriff’s Office substations.

The tax sale is open to the public and will be held online only. To register and bid, go to www.civicsource.com, and click on “Sign In” to register. The bidding process is explained upon registration.

For further information or payment options for outstanding assessments, call the Bossier Sheriff’s Office Property Tax Department at (318) 965-3400.

Original article found here: https://www.bossiernow.com/bossier-sheriff-schedules-property-tax-sale-for-tuesday-june-5/

 

IPSO, New Iberia schedule annual tax certificate sales online

On June 5, the Iberia Parish Sheriff’s Office and city of New Iberia will put on their annual tax certificate sales at CivicSource.com.

The online auctions open at 8 a.m. and end at 8 p.m., subject to a sliding close. More than 500 properties are scheduled to go to auction between the two sales, ranging in price from $232 to $11,462. The sales are open to the public.

Free bidder registration and a list of tax sale properties are available at CivicSource.com.

A tax certificate is an interest-bearing lien on a tax-delinquent property that can be converted into a deed after a three-year redemptive period. Certificates are sold by a taxing authority at a public auction for the amount of the delinquent taxes due, plus any accrued interest, penalties, costs and other statutory impositions.

In Louisiana, tax certificate purchasers receive a 5 percent penalty and an interest rate of 1 percent per month for the duration of the 3-year redemptive period. Tax certificate sales are a low-bid wins style auction in which the property is sold to the purchaser willing to bid on the least percent ownership interest in the property. If the property is not redeemed by the delinquent owner within the three year redemptive period, the investor can file to acquire ownership in the property based on his or her bid amount.

Winning bidders of the tax sale are expected to pay for their purchases within 24 hours of the close of the auction. Payment must be made in one installment and all sales are final.

Original article found here: https://www.iberianet.com/news/ipso-new-iberia-schedule-annual-tax-certificate-sales-online/article_f643e6fc-5e3a-11e8-8928-a74d5fe5d45d.html

Iberia online Tax Certificate sales set for June 5

The Iberia Parish Sheriff and the City of New Iberia will host their annual Tax Certificate sales at CivicSource.com On June 5, 2018. The online auctions open at 8:00 a.m. and end at 8:00 p.m., subject to a sliding close. More than 500 properties are slated to go to auction between the two sales, ranging in price from $232 to $11,462. The sales are open to the public. Free bidder registration and a list of tax sale properties are available at CivicSource.com.

A tax certificate is an interest-bearing lien on a tax-delinquent property that can be converted into a deed after a three-year redemptive period. Certificates are sold by a taxing authority at a public auction for the amount of the delinquent taxes due, plus any accrued interest, penalties, costs and other statutory impositions. In Louisiana, tax certificate purchasers receive a five percent penalty and an interest rate of one percent per month for the duration of the three-year redemptive period. Tax certificate sales are a low-bid wins style auctions, in which the property is sold to the purchaser willing to bid on the least percent ownership interest in the property. If the property is not redeemed by the delinquent owner within the three-year redemptive period, the investor can file to acquire ownership in the property based on his or her bid amount.

Winning bidders of the tax sale are expected to pay for their purchases within 24 hours of the close of the auction. Payment must be made in one installment and all sales are final.

For more information on the Louisiana Tax Certificate sale process or to view upcoming auctions, visit CivicSource.com.

Original article found here: http://www.katc.com/story/38248458/online-tax-certificate-sales-in-iberia-parish-set-for-june-5

Morehouse Parish annual Tax Certificate sale slated for June 5-7

BASTROP – The Morehouse Parish Sheriff will host its annual Tax Certificate sale at CivicSource.com June 5-7. The online auction opens at 8 a.m. and ends at 8 p.m., subject to a sliding close. More than 150 properties are slated to go to auction, ranging in price from $335 to $3,008. The sale is open to the public. Free bidder registration and a list of tax sale properties are available at CivicSource.com.

A tax certificate is an interest-bearing lien on a tax-delinquent property that can be converted into a deed after a 3-year redemptive period. Certificates are sold by a taxing authority at a public auction for the amount of the delinquent taxes due, plus any accrued interest, penalties, costs and other statutory impositions. In Louisiana, tax certificate purchasers receive a 5 percent penalty and an interest rate of 1 percent per month for the duration of the 3-year redemptive period. Tax certificate sales are a low-bid wins style auctions, in which the property is sold to the purchaser willing to bid on the least percent ownership interest in the property. If the property is not redeemed by the delinquent owner within the 3-year redemptive period, the investor can file to acquire ownership in the property based on his or her bid amount.

Winning bidders of the tax sale are expected to pay for their purchases within 24 hours of the close of the auction. Payment must be made in one installment and all sales are final.

For more information on the Louisiana Tax Certificate sale process or to view upcoming auctions, visit CivicSource.com.

Original article found here: https://www.thenewsstar.com/story/news/2018/05/22/morehouse-parish-tax-sale-slated-june-5-7/634991002/

CPSO gearing up for Tax Certificate sales

CADDO PARISH, La. – The Caddo Parish Sheriff’s Office will hold its annual Tax Certificate sales next month.

The online auctions at CivicSource.com will be open from 8 a.m. until 8 p.m., June 5 subject to a sliding close.

Over 2,000 properties are slated to go to auction, ranging in price from $307 to $89,985. The sales are open to the public.

Free bidder registration and a list of tax sale properties are available at CivicSource.com.

Delinquent taxpayers have until 5 p.m. on June 4 to pay any outstanding tax bills to keep their property out of the sale.

Winning bidders are expected to pay for their purchases within 24 hours of the close of the auction. Payment must be made in one installment and all sales are final.

For more information on the Louisiana Tax Certificate sale process or to view upcoming auctions, visit CivicSource.com.

Original article found here: http://www.arklatexhomepage.com/news/local-news/cpso-gearing-up-for-tax-certificate-sales/1191168505

Walker targets 100 properties for overdue taxes

WALKER – Approximately 100 properties in the city have owed taxes for so long that they could face sale at auction. Mayor Jimmy Watson said CivicSource, a firm the city hired, is working with Walker to get the taxes owed.

CivicSource, of New Orleans, is an auctioneer of tax-distressed real estate. It digitizes due process compliance to ensure valid sales.

“We’re sending out tax notices,” Watson said, “Currently about 100 properties are scheduled for tax sales.”

The properties will go for auction if the taxes are not paid by June, he said. City Clerk Myra Streeter said some of the taxes owed go back 10 years.

The city does not take action until the taxes owed reach $50, she said, and it takes several years with the penalty to build up to $50.

Taxes unpaid after Dec. 31, 2017, add a 1 percent per month penalty until it is paid, according to a city notice.

Taxes that remained unpaid after Jan. 31, accrue collection costs on the first of each month until the online tax sale on June 6, the notice said.

If a property is sold at a tax sale, the owner is subject to losing the homestead exemption. Property sold at tax sale may be redeemed up to three years from the date of the sale, the notice said.

To find if a current tax bill is unpaid, contact city receptionist Mary Poe at (225) 665-4356 at City Hall.

Original article found here: https://www.livingstonparishnews.com/news/walker-targets-properties-for-overdue-taxes/article_90bf88f2-32ae-11e8-80a5-e344046a8eb8.html

Property purchases win-win for city: Online program puts buyers in touch with tax-delinquent real estate

A recent effort to tackle neighborhood blight in north Lake Charles has seen real returns over the past year, officials said Thursday, giving hope to longtime residents who want to see their area improve.

About 34 tax-delinquent properties in north Lake Charles have been auctioned off online since the launch of a pilot program in late 2016.

The Lake Charles North Redevelopment Authority spearheaded the program through a partnership with New Orleans-based CivicSource.com, which brings adjudicated properties to market through its online platform.

About 94 properties are on the website, and more should go up later this year, said authority President Kathleen Dorsey Bellow.

Bellow said she was pleased to see nearly three dozen properties find new owners through the process, especially since most buyers are local — about 90 percent of people who buy properties through CivicSource statewide are residents of that area, according to company officials.

“I am encouraged because people who either grew up in the neighborhood or go to church here are buying properties, so it’s people affiliated with the neighborhood,” said Bellow.

Representatives of CivicSource hosted two outreach meetings on Thursday for people interested in learning more about the program. They took residents through the process of ownership, from putting down the $850 deposit to bidding on auction day.

About 20 residents attended the morning session, asking questions about the overall cost and how to navigate the website.

Resident Jerry Adams, who attended the morning session, said he was surprised to learn that properties often go for as little as $5,000-$10,000 — a nominal charge compared with the high cost of real estate on the private market. He said new construction could only be a good thing for the area.

“Anytime the public is offered to buy property in their own neighborhood and community it’s a good thing,” said Darol King, who also attended the meeting.

King, owner of Mariah’s Christian Preschool, said he plans to buy two properties within the year for either a business or housing development. He may consider expanding the preschool if he finds the right property.

“We have to turn so many people away because it’s a needed service,” King said. “If we can find a building I can renovate, boy that would be really nice.”

Beau Buyers, a title agent for CivicSource, said the company usually collects $5,100 of the sale price to cover the cost of legal work, with the remainder going to the city. So far, property sales through CivicSource have brought the city $43,000.

Buyers said this money helps alleviate the financial burden Lake Charles has experienced from years of taking care of tax-delinquent properties — mowing lawns and making sure they were in compliance.

He said on average the properties CivicSource sells have been tax delinquent for over 20 years.

 

Original article published here: http://www.americanpress.com/news/local/online-program-puts-buyers-in-touch-with-tax-delinquent-real/article_d74ee1e4-23c9-11e8-a0b1-4b53eabc686e.html

New property project in Bossier City designed to boost economy

(BOSSIER CITY, LA) – The City of Bossier has launched a new project in an effort to sell adjudicated property online.

After five years of no payment of property taxes to a city or parish, a property becomes adjudicated. The city or parish then becomes responsible for the upkeep and security of the property.

“Primarily most of our adjudicated property falling in the five or more a year category are vacant lots. And we spent probably $335,000-$340,000 a year and just maintaining those properties,” said Pam Glorioso, Chief Administration Officer in Bossier City.

With the sale of the properties, the city will not have the expense of maintaining the mostly vacant lots. It will ultimately put them back into commerce. Tax dollars will flow back into the city, because someone would then own that property. The new owner would maintain it as a private property and pay property taxes.

The city has contracted a company called Civic Source to sell the real estate online. The city is now preparing to launch that service which is set to roll out this Fall in about 6 to 8 months.

The company’s primary objective is to look at the title of the property then see if it’s a marketable property. At that point the lot can be put up for sale. This company can also write title insurance to the new purchaser to ensure they do have a good title.

Bossier Parish Police Jury also uses Civic Source and they have been successful in using it to sell properties for the parish.

 

Original article published here: https://www.ktbs.com/news/local/new-property-project-in-bossier-city-designed-to-boost-economy/article_cf219176-2395-11e8-b12a-8fe5e8b84ead.html