St. Louis County Land Auction Adds $745,000 To Budget
Good news for St. Louis County taxpayers: The recent Tax Forfeited Land Auction netted an addition of $745,650 to the bottom line - one of the better results in recent memory. The auction was held on October 12, with 30 out of 78 listed properties selling.
According to county officials, some of the highlighted properties included two lots on Boundary Avenue that could be used for possible development; these lots had been assessed at $12,000 and $18,000 respectively, but went for much higher than that at the auction - selling for $165,000 and $30,000. There were also a variety of homes that were purchased in Rice Lake, Chisholm, Eveleth, and Angora and a commercial property in Gilbert also sold.
The remaining parcels that did not sell will now be available for sale on a first come-first served basis through the St. Louis County Land and Minerals Department office.
With more than 900,000 acres of tax forfeited land, St. Louis County officials are now gearing up for future sales. According to information passed along, the county expects to hold three land auctions in 2018.