Here’s your opportunity to purchase tax-delinquent land from four central Arkansas counties – or redeem your land if you were behind. Commissioner of State Lands Tommy Land (yep, that’s his last name) announced that his office will auction tax-delinquent parcels located in Grant, Hot Spring, Perry and Saline Counties on Thursday, September 14th. The auction begins at 10:00 a.m. at the Benton Event Center. The address is 17322 Interstate 30 North, in Benton. It will be in Meeting Room 1. Register beginning at 9:00 a.m.
See below for the brochure of Frequently Asked Questions about buying tax-delinquent land.
This is a new way to host these events. “These new regional auctions will allow bidders to attend the sales for multiple counties without traveling to multiple locations or taking several days off work,” Land said. “This will also allow us to be more fiscally responsible by conducting fewer events.”
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Auctions will be conducted alphabetically by county. Prospective bidders can find the Public Auction Catalog on the Commissioner’s website at www.cosl.org. This resource includes a buyer’s guide; statutes governing sales; auction date, time and location; and a complete listing of parcels offered. The website also includes an instructional video demonstrating how to research information about each parcel available for sale.
“Owners of delinquent parcels going for auction should be aware that the redemption period has changed,” Land said. “Parcels must be redeemed by 4 p.m. on the last business day before the sale date. That means we must have their money and petition to redeem in our hands by that time.” Land also emphasized that auction sales are final.
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Bidders must register for the auction before placing a bid. Purchases may be paid for with a business or personal check, or a credit or debit card. Cash is not accepted for purchase of tax-delinquent parcels.
“Property taxes help fund schools, roads, libraries and public services including ambulances,” Land said. “Everyone benefits from paying those taxes – and the property owner benefits from paying on time, by avoiding interest and penalties on delinquent taxes.”
Properties that do not sell at auction will appear on the COSL’s post-auction sales list 30 days after the auction date. From there, they can be purchased through an online auction system. Another instructional video on the COSL website demonstrates that process to bidders.
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Owners of delinquent parcels may redeem those delinquent taxes online at www.cosl.org using a credit or debit card. Those who prefer to pay by check or money order can print a Petition to Redeem from the website or call the office at 501-324-9422 to request the petition. That petition must accompany the payment.
Owners seeking to redeem within 30 days before an auction must use certified funds, or may redeem with cash in the State Lands office at 1020 W. 4th Street in Little Rock. Cash is only accepted for redemption, and only for in-person payments at 1020 W. 4th Street.