48.3 F
Fort Smith
Sunday, November 24, 2024

COSL announces regional tax auction results

LISTY-Arkansas-River-Valley-Business-News-Directory
Arkansas River Valley Business Directory

The recent auction of tax-delinquent properties in Crawford, Franklin, Logan, Sebastian and Scott counties raised over $1.4 million dollars, the Commissioner of State Lands announced.

The regional auction drew 180 registered bidders, who purchased 90 of 99 parcels for $1,455,743.01 Results were as follows:

Crawford County: 28 parcels offered; 27 parcels sold; $342,722.81 total; $22,072.70 taxes collected

Franklin County: 4 parcels offered; 4 parcels sold; $60,000.00 total; $3,017.58 taxes collected

Logan County: 7 parcels offered; 7 parcels sold; $60,000.00 total; $7,308.53 taxes collected

Sebastian County: 47 parcels offered; 39 parcels sold; $921,520.20 total; $95,143.84 taxes collected 

Scott County: 13 parcels offered; 13 parcels sold; $71,500.00 total; $4,872.18 taxes collected

The auctions offered real estate parcels with taxes delinquent since 2019. 

“We only auction a fraction of the parcels certified for delinquent taxes,” Commissioner Tommy Land said. “By far, most owners redeem their property by paying the delinquent taxes. Naturally we hope property is redeemed if the owners want to keep it, but it is vital that the parcels return to the county’s active tax rolls.”

The COSL office forwards taxes and interest to the county, whether that money is collected through redemption or sale. 

“Last year, the Commissioner of State Lands Office sent more than $21 million to school districts and county governments,” Land said. “Of that, $1,517,722.58 went to these five counties, helping fund everything from roads to schools.”

Those turnback amounts were:

Crawford County: $389,298.89.

Franklin County: $122,756.95.

Logan County: $83,084.31.

Sebastian County: $897,587.07.

Scott County: $24,995.36.

Auction sales are final. 

Unsold parcels may be redeemed online at www.cosl.org, using a credit or debit card, or owners can call 501-324-9422 to request a Petition to Redeem. Redemption does not grant ownership; it simply makes the taxes current.

Parcels that did not sell at the public auction will be available after 30 days and can be purchased through an online auction by viewing the Post-Auction Sales List at www.cosl.org.

- Paid Partnership -spot_imgspot_img
Tammy Teague
Tammy Teague
Tammy is the heart behind the brand. Her tenacity to curate authentic journalism, supported by a genuine heart is one her many wholesome qualities.
Latest news
- Paid Advertisement -spot_img
- Paid Advertisement -spot_img
Related news
- Advertisement -spot_imgspot_img