The City of Leesville will hold their annual tax sale online at CivicSource.com on Tuesday, July 14, 2020. The auction will open at 8:00 a.m. and close at 8:00 p.m., subject to a sliding close.
There will be 11 properties up for auction ranging from $569 to $1035.
The sale is open to the public and registration is free.
The auction price is fixed at tax, interest, costs and other impositions due so instead of competitive price bidding, ownership interest in the property is bid down. The winning bid is the least percent ownership bid on any property. Winning bidders will receive tax title certificates, a interest bearing investment investment returning five percent and one percent per month until paid. If not repaid in three years, the purchaser receives property ownership in the amount equal to percent bid at auction, subject to the taxes being paid.
A complete list of properties in the 2020 tax sale can be found at https://www.civicsource.com/auctions?state=22&politicalSubDivision=22115&saleType=TaxSale&saleDates=202007140800-202007142000