Lincoln Parish to Conduct Online Tax Sale
LINCOLN PARISH, LA – December 2, 2011 – Lincoln Parish Government will hold an online tax title sale on Wednesday, December 14, 2011 from 8:00 am to 8:00 pm at www.CivicSource.com. There are ten properties available, ranging from $369 to $1133. For free registration and a list of properties, visit www.CivicSource.com. By hosting the sale online, bidders that would not normally be able to attend the auction in person are now able to participate.
A tax title sale is the sale of properties that have delinquent real estate taxes due. The tax titles for these properties are sold to the public for the amount of the delinquent taxes due, plus all accrued interest, collection fees, costs and other statutory impositions. The tax title sale is a low-bid wins style auction in which the property is sold to the purchaser willing to bid for the least percent ownership interest in the property.
Winning bidders do not immediately own the property. The property owner can redeem the property by paying the tax collector for the purchase price plus redemption penalty and redemption interest. If the property is not redeemed within three years, the tax title holder can pursue the property’s title.
Those who would like to make a payment to remove their property from the sale, or for any other inquiries, please call CivicSource® customer service at 1-888-818-1422.
At the close of the tax sale, winning bidders must pay for their purchases within 72 hours. Payment must be made in one installment and all sales are final. This auction and all future tax sales can be viewed at www.CivicSource.com. Using the convenient search options, bidders can set the parameters for any property that falls within their interests and budget.
ABOUT ARCHON INFORMATION SYSTEMS:
Archon is a New Orleans-based company that provides technology and collection services to government clients. The focus of Archon’s services is the collection and management of delinquent ad valorem taxes which are local governments’ major source of revenue. Archon’s products include Civicsource® Administrator, for management of delinquent property taxes, and Civicsource® Auctioneer, for conducting Internet-based tax and adjudication sales. For more information call (888) 387-8033 or visit www.civicsource.com.