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Mayor Mitchell J. Landrieu

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City of New Orleans to Hold Online Tax Certificate Sale

April 11, 2017

Part of City’s continuing efforts to collect delinquent property taxes

NEW ORLEANS—Today, the City announced it will hold an online tax certificate sale as part of its continuing efforts to collect delinquent real estate taxes. The online auction will start today, Tuesday, April 11 and go through Thursday, April 13, 2017.

Over 1,700 properties are scheduled to go to sale in the auction, which is open to the general public. Free registration and a list of available properties are available at www.CivicSource.com.

“The City remains committed to collecting delinquent real estate taxes,” said Mayor Mitch Landrieu. “This online tax certificate sale has provided a way to get delinquent properties back on the tax rolls and has proven to be extremely efficient and user friendly for investors interested in tax sale properties.”

A tax certificate sale is the sale of properties that have delinquent taxes due. Investors purchase the tax sale certificate by paying the amount of outstanding delinquent taxes and other statutory impositions. Property owners have a 3-year redemptive window in which to pay the investor the delinquent amount, an immediate five percent penalty plus an additional one percent for every month since the filing of the tax certificate.

Winning bidders of the tax sale are expected to pay for their purchases within 48 hours of the close of the auction. Payments must be made in one installment and all sales are final. However, winning bidders do not immediately own the property. The property owner can redeem the property by repaying the purchaser plus penalties and interest. If the property is not redeemed within three years (or 18 months for blighted properties), the tax title holder can pursue the property’s title.

This auction can be viewed on www.civicsource.com external link. Using the search options, prospective bidders can set the parameters for any property that falls within their interests and budget.

Individuals without immediate access to a computer can participate in the auction via kiosks that will be set up on the first floor of City Hall during normal business hours on auction days.

For property owners who would like to make a payment to remove their property from the sale, please visit the Treasury Bureau on the first floor of City Hall on weekdays from 8 a.m. to 5 p.m. before or during the tax sale period. Only cash, cashier’s checks or official checks will be accepted.

For questions or assistance, prospective bidders should call CivicSource at 1-888-387-8033 or email support@civicsource.com.

 

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Last updated: 4/11/2017 8:23:10 AM

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