Property Tax Auction Boosts Lewis County Coffers
Lewis County got its money back -- and more -- from some tax-delinquent properties.
A tax auction in Lowville Wednesday brought in bids totaling $126,000 dollars for 17 properties.
After subtracting the amount of the overdue taxes, the county nets $84,000.
The new owners of the properties also walked away happy.
"It's a great way to buy real estate," said auctioneer Frank Pietrzak.
"You determine the price and the audience and the county has the opportunity to get properties back on the tax roll," he said. "They're here because they were tax delinquent."
Winning bids ranged from $50 for a vacant lot to $29,000 for a single-family home.
Wednesday, August 20, 2014, Watertown, NY
On Wall Street