New Orleans Tax Sales

 

 

Information on Tax Sales next Week

September 15th, 2011  

 
 

Beacon Administrators and Blight Team Leaders:

 

2677 properties are scheduled for tax sale next week online.  Learn which properties are in your neighborhood and how you can help ensure sales will abate blight.  

 

A tax sale is the sale of overdue taxes on a property.  A purchaser pays the overdue taxes to the City and receives a tax sale deed to the property.  After the period of three years (18 months if blighted), if the original owner does not pay back the taxes, the purchaser can pursue clear title to the property.  Tax sales can be a good investment opportunity for the purchaser and can in some cases lead to property acquisition.  To learn more about the details of the process, click here.    

 

Although they generate income for the City, tax sales generally have not been a great tool to address blight because investors tend to live outside of the community and are not directly affected by the condition of the property.  They also have little incentive to clean up the property until they obtain title. Residents, on the other hand, are daily affected by the condition of the property and would be more likely, as purchasers, to clean it up.  We believe the only way tax sales can be successful in abating blight is for residents in the community to be the purchasers.  Purchasing a tax sale can be a good investment, can lead to property acquisition, and can better the quality of life in your neighborhood.

 

Click here to see the map we have created of the properties going to auction.  Please circulate this map to residents in your communities who might be interested in purchasing a tax sale, especially residents who own the property next door to one being auctioned.

 

The auction will be held online through CivicSource and will be open September 20th, 21st, and 22nd. 

 

Please feel free to forward this to interested neighborhood leaders.

 

Laura Mellem, Neighborhood Coordinator

Beacon of Hope Resource Center

145 Robert E. Lee Blvd.

504-309-5120

laura@lakewoodbeacon.org

 


Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: