LITTLE ROCK, Ark - Commissioner of State Lands Tommy Land announced that his office will auction tax-delinquent parcels located in Ashley, Bradley, Chicot, Cleveland, Desha, Drew and Lincoln Counties on July 25.
The regional auction begins at 10 a.m. and will be held at the University of Arkansas Monticello – Fine Arts Center, 371 University Drive in Monticello. Registration begins at 9:00 a.m.
"These new regional auctions will allow bidders to attend the sales for multiple counties without traveling to multiple locations or taking several days off work," Commissioner of State Lands Tommy Land said. "This will also allow us to be more fiscally responsible by conducting fewer events." Auctions will be conducted alphabetically by county. Prospective bidders can find the Public Auction Catalog on the Commissioner's website at www .cosl.org. This resource includes a buyer's guide; statutes governing sales; auction date, time and location; and a complete listing of parcels offered.
The website also includes an instructional video demonstrating how to research information about each parcel available for sale.
"Owners of delinquent parcels going for auction should be aware that the redemption period has changed," Land said. "Parcels must be redeemed by 4 p.m. on the last business day before the sale date. That means we must have their money and petition to redeem in our hands by that time." Auction sales are final, he emphasized. "Parcels sold at auction cannot be redeemed." Bidders must register for the auction before placing a bid. Purchases may be paid for with a business or personal check, or a credit or debit card. Cash is not accepted for purchase of tax-delinquent parcels.
"Property taxes help fund schools, roads, libraries and public services including ambulances," Land said. "Everyone benefits from paying those taxes - and the property owner benefits from paying on time, by avoiding interest and penalties on de...
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