City to Host Online Property Auction Sep. 25-27

The City will hold an online tax title sale September 25-27, 2012 from 8 AM - 8 PM. This auction, containing more than 4,700 properties with delinquent taxes for the years 2009-2011, is open to the public. Free registration and a list of available properties are available at www.CivicSource.com.

The tax title sale is a “low-bid wins” style auction in which the property is sold to the purchaser willing to bid on the least percent ownership interest in the property. Winning bidders of the tax sale are expected to pay for their purchases, in a single installment, within 72 hours of the close of the auction, and all sales are final. Only cash, cashier’s check or official check will be accepted.

The property owner can redeem the property by repaying the purchaser plus penalties and interest. If the property is not redeemed within three years (or 18 months for blighted properties), the tax title holder can pursue the property’s title.

For any additional information, citizens can call Civic Source at 1-888-387-8027 or go to www.CivicSource.com.