What is a Tax Sale? What happens to a property if it is sold at Tax Sale and can I get my property back?
A Tax Sale is a public auction conducted annually by the Sheriff wherein properties with unpaid taxes are sold to satisfy the tax debt. By State law the Sheriff must conduct the tax sale to collect the balance of the current year taxes owed to Caddo Parish governmental entities. Click here for a graph depicting the average distribution of tax funds. The Tax Sale is conducted annually at the Caddo Parish Courthouse normally during the third week of May. During a Tax Sale, immovable property is sold to individuals who participate in the tax sale for the amount of the unpaid balance of taxes owed, accrued interest, penalties and cost to advertise and record the sale. Individuals who participate in the Tax Sale are referred to as Tax Buyers. The property is sold to the Tax Buyer who bids the least ownership interest in the property and will pay the full amount of the unpaid taxes. The sale is actually conducted by the reading of the legal description of the property, the amount of taxes ow
Related Questions
- If my property is sold at the Delinquent Tax Sale, what happens to any leftover money after the taxes, penalties, levy costs and interest are paid?
- What happens when property is sold at the Tax Sale for more than the total amount due to the county?
- What happens to a property if it is not sold to a Tax Buyer at the Tax Sale?
