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City sells delinquent tax notes

April 9, 2014

By Josh Presley
news@dailytimesleader.com

The city of West Point put more than $500,000 in delinquent property taxes on sale Monday at City Hall.
The total amount owed for the delinquent taxes was $546,867, which were initially due at the end of November of last year.
With a total of 934 parcels for sale and West Point City Clerk Delores Doss said 934 parcels of land were up for sale and all but five or six of the parcels were sold to different investors for a total of $425,840.
Doss said the sale began at 9 a.m. and ended at 12:45 p.m.
“First the investors who had a special interest in certain parcels were allowed to bid on those,” Doss said. “Three is the limit for those special interest purchases and then those investors can’t participate in the rest of the sale.”
Doss said the investors then decided to do the sale in a round-robin format, starting at one end of the table and going around until each parcel had been purchased or passed.
“Normally the investors have until the next day to come in and pay for the properties they bought,” Doss said.
Doss said the parcels that aren’t bought in the tax sale are struck back to the city and continue to accrue interest and penalties. If the parcel goes to the tax sale three consecutive years without being bought or the taxpayer paying their fines then the city owns the property.

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