Mississippi Secretary of State Gibbert Hosemann issued the following press release:
SECRETARY HOSEMANN PARTNERS WITH CITY OF JACKSON
TO SELL TAX-FORFEITED PROPERTIES
Jackson, MS – In an effort to reduce the number of tax forfeited properties in the State, Secretary of State Delbert Hosemann is auctioning 360 parcels located in the City of Jackson and surrounding
Hinds County with an estimated value of $14.6 million.
The available properties will be advertised for public bidding beginning Thursday, August 27, 2015, on the Secretary of State’s website:
http://www.sos.ms.gov/
“Our
goal is to place this property back on the tax rolls to benefit the
Capital City and the State of Mississippi,” said Secretary Hosemann. “By partnering with the City of Jackson, we are
taking an aggressive step to return these properties to productive use.”
The 360 parcels being offered at auction in Jackson/Hinds County are valued at more than $14.6 million.
Statewide,
the Secretary of State’s Office currently holds more than $84 million
of property (13,300 parcels) forfeited to the State of Mississippi for
non-payment of ad valorem property taxes.
Of these, almost 3,800 properties valued at $36.9 million are located
in Hinds County, with most located inside the City of Jackson.
“Tax
forfeited properties can be a blight on the community and are a drain
on our tax rolls and our citizens. Returning these properties to private
ownership cleans up our neighborhoods, reduces
the opportunity for crime and provides dollars to the City, the County
and the schools,” Secretary Hosemann said. “We
have had success all over the State by partnering with cities and
counties to reduce the number of tax forfeited properties in
Mississippi.
“
“This
public auction will add momentum to the city’s efforts to strengthen
our communities,” said Jackson Mayor Tony Yarber. “Our Community
Improvement Division has made great strides over the
past year ridding areas of dilapidated structures that mar our
neighborhoods. Now, this auction will give citizens the opportunity to
purchase property and play a vital role in Jackson’s revitalization.”
Hosemann
says since 2012 the Secretary of State’s Office has “taken historic
steps to partner with local governments, Realtors, and anyone who is
willing to help our Agency cure this epidemic
in our State. Our goal is to work with local governments to identify
properties which may be marketed for private ownership and those which
may be transferred to local governments for public use.”
Previously,
the Secretary of State’s Office has held similar tax-forfeited sales in
partnership with the cities of Hattiesburg, Greenwood, McComb/Pike
County, Meridian/Lauderdale County and
Greenville/Washington County.
For
the Jackson/Hinds County properties, sealed bids must be received in the
Office of the Secretary of State located at 125 South Congress Street
in Jackson by 5:00 p.m. Central Standard Time
on September 17, 2015. Sealed bids will be opened and announced publicly at 10:00 a.m. Central Standard Time on September 18, 2015,
in the Public Lands Division located at 125 South Congress Street in
Jackson. Successful bidders will be notified by the Secretary
of State’s Office. Payment of the bid amount must be made within 15
days of notification. All sales are subject to the approval of the
Governor. Parcels are sold on an “as is” basis. All sales are final,
and no refunds will be made. No more than 160 acres
may be purchased by one person within one year. The Secretary of State
reserves the right to reject any and all bids.
To view available properties in the Jackson/Hinds County area, please visit the Secretary of State's website at:
http://www.sos.ms.gov/
To learn more about obtaining tax forfeited properties, please visit the Secretary of State’s website at:
http://www.sos.ms.gov/
6 comments:
It's a good plan on paper. How to keep the thugs from stealing from the jobsites after hours and robbing the contractors is another story. It might be better for the state to write off the taxes and level the homes. According to the city residents and the City Council, everyone is too poor to purchase, no less repair anything. Sorry, you can't have it both ways. Legitimate and well funded investors won't risk their money. Can you blame them?
It's a good plan on paper. How to keep the thugs from stealing from the jobsites after hours and robbing the contractors is another story.
You can't even leave your lawnmower out on your front lawn in NE Jackson without it disappearing while you run in to take a piss.
Great PR BJ by Dilbert. But check the results when it is all over.
These properties are worth $14+ million. Check out the results after the bids are in and accepted. Bet total received from sale is less than 2% of that "value". These are properties that NOBODY was willing to take just for payment of the taxes. And the cost to raze them is more than the resulting lot value due largely to government regs and city policies.
But today - great presser from the two folks in Jackson that think pressers is all that is important.
A lot of these are worthless little strips of land here and there, remnants of larger tracts no one wants or cares about. I understand you don't even get insurable title. The SOS had a big push to list a lot of these tracts with Realtors who were lucky to get a $50 commission on a $1000 sale. They quickly realized it wasn't worth the trouble, at least the ones that value their time did.
Young Harvey Yarber is shooting blanks.
Went through most of the
properties online. Many of
them are comical. The
notion of an estimated value
of $14+M is laughable. But,
there may be a few that are
salvageable. There's also
an empty lot in a decent
Clinton neighborhood on
the list. Certain that
someone will buy that.
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