St. Louis Cty Tax Forfeited Property Auction Nets Nearly $600,000
It was a good day for both the bidders and for St. Louis County taxpayers on October 10 as the bi-annual Tax Forfeited Property Auction took place in Virginia. Nearly $600,00 was added to the bottom line of the counties budget, along with the promise of future cash collection on the parcels as they hit the property tax rolls.
A grand total of $596,480 was raised via bids on 34 different properties. Included in the sale were two houses, a cabin, a large commercial building, and several parcels where blighted properties has been demolished. According to information released by St. Louis County, properties sold ranged in price from $180,000 for a commercial property near Cook to $30 for a one-acre parcel that's mostly wetland in Leiding Township.
Many of the parcels initially offered remain unsold after the auction. Those are now available for sale on a first come, first service basis through the St. Louis County Land and Minerals Department. There are more than 250 properties now for sale via this method. You can find descriptions for those properties online by clicking here.