City of Leesville to Conduct Online Tax Sales July 14
Leesville, La. – On Tuesday, July 14, the City of Leesville will host their annual tax sale online atCivicSource.com. The auction opens at 8:00 a.m. and closes at 8:00 p.m., subject to a sliding close. Eleven properties are slated for auction, ranging from $569 to $1,035. The sale is 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 2020 tax sale, visit CivicSource.com/CityofLeesville.
For more information on the Louisiana tax title sale process or to view upcoming auctions, visitCivicSource.com.