June 16th, 2016
Sending more properties to tax sales fights blight; puts pressure on tax-delinquent owners to pay
MEMPHIS, Tenn. (June 16, 2016) – In the third of four innovative online tax sale auctions, Shelby County Government will offer over 400 residential, commercial and vacant properties at www.CivicSource.com, beginning Wednesday, June 22 at 8 a.m. through Friday, June 24 at 8 p.m..
The tax sale is conducted four times each year and is a joint effort of the Chancery Court Clerk & Master and the Shelby County Trustee’s Office. For the third auction, the 400 available properties are randomly grouped into four batches, with each batch having a different closing time. This will allow investors to redeploy unused capital throughout the sale.
As in the past, the opening bid for a property includes delinquent city and county taxes, accrued interest and penalty charges, court costs, attorney fees, as well as service and title costs. Owners of the property may still pay the amount of taxes governing the sale up until the close of business prior to the day of the sale.
“Nearly 50 properties were purchased in the last tax sale which was held in April. For the next to last sale for the year, we hope the pool of prospective bidders broadens to aid in delinquent collections and our fight against blight,” said Shelby County Trustee David C. Lenoir. “Everyone pays more because of the blight in our communities. Blighted properties represent money lost in unpaid taxes and decreased property values.”
Interested parties can sign up for the tax sale at http://www.civicsource.com. Register now for a free account and familiarize yourself with several investor friendly features such as custom watch-lists, sliding close and proxy biding.
Additional questions can be directed to the Shelby County Trustee, at (901) 222-0200, or the Chancery Court Clerk & Master’s office at (901) 222-3900.
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