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TPSO, Ponchatoula and Amite plan tax sale online

Posted: Thursday, May 9, 2019 | Views: 3815

TPSO, Ponchatoula and Amite plan tax sale online

 

Tangipahoa Parish, La. – On Tuesday, May 21, the Tangipahoa Parish Sheriff, the City of Ponchatoula and the Town of Amite City will host their annual tax sales online atCivicSource.com. The auctions open at 8:00 a.m. and close at 8:00 p.m., subject to a sliding close. Over 400 properties are slated for auction between the three sales, ranging from $310 to $8,869. The sales are open to the public, and registration is free.

 

The auction price is fixed at tax, interest, costs and other impositions due, so instead of competitive price bidding, ownership interest in property is bid down. The winning bid is the least percent ownership bid on any property. Winning bidders receive tax title certificates, an interest-bearing investment returning five percent and one percent per month until paid. If not repaid within three years, the purchaser receives property ownership in the amount equal to percent bid at auction, subject to the taxes being paid.

 

For a complete listing of properties slated for the 2019 tax sales, visitCivicSource.com/Tangipahoa.

 

“Tax certificate sales are a great opportunity for investors, and the sales make it possible for the City to maintain its operating budget even when property taxes are delinquent,” said Ramona D. Umbach, Tax Collector for the City of Ponchatoula.

 

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

 
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