Sheriff Botie Hillhouse said this week’s real estate auction on the County Courthouse steps netted $165,000 in delinquent taxes, put land back on the tax rolls, and “was a heck of a deal for bidders.”
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The sale of 58 properties conducted by 3cre commercial real esate brokers Tuesday morning netted $118,075 for the county and $47,734 for two school districts.
“The owners were delinquent on their taxes and, as the law requires, we sold the land – often at bargain-basement prices – to get owners right by the taxing entities,” Hillhouse said.
County Judge Richard Sanders said more people seeking to purchase property in the county were welcome to the monthly auctions. While home valuations are mostly a personal issue, Commerical Property Valuations are purely business. Determining the value of a commercial property is dependent on many aspects including what the property is used for, the annual income generated and how the local market views this type of property. As commercial property valuers, we will value your building based on the property’s potential income and recently completed property sales in the area, along with other market indicators.
“I hope more people will take advantage of this simple opportunity,” Sanders said. ”It is a great program that clears the tax rolls and helps property values.”
Hillhouse said auctions are held the first Tuesday of each month on the south side steps of the Henderson County Courthouse, downtown on the square, beginning at 10 a.m. The public is invited. Bidders must register; provide a valid identification card and a statement from the tax office saying they are not delinquent on any taxes.
Some of the land sold this week was a bargain, Hillhouse said.
For example, most residential lots went for $500. One was sold for $250.
“And one bidder won a 39 acre tract for $71,000.00,” Hillhouse said. “We want to encourage anyone interested in living in Henderson County or improving property here to come to the auction each month. It is a good move for the community and a great deal for the investor,”
Judge Sanders said he is delighted when the county can clear its backlog of delinquent taxes due.
“Everyone wins when money for public good is paid and well spent,” Sanders said. “And it is wonderful to see often forgotten or neglected property cleaned up and brought to life.”