Tax Sale Totals

Below are the results of last Monday's delinquent property tax sale.

477 Parcels in the Sale

423 of those were Tellico Village Lots

420 Tellico Village Lots were bought by Loudon County because no one bid on the lots. Total cost to county, $734,650.08

3 Tellico Village Lots were bought by Individuals

54 County parcels, not in Tellico Village

40 Sold

14 were bought by Loudon County because no one bid on them; Total cost $19,636.45

Total bought by county $754,286.53

$132,180.85 Bid on the 43 purchases

There were 32 Registered Bidders

Of the $754,286.53 paid out by the county, all but about $160,000.00 will come back to the county. The $160,000.00 will go to pay all legal and advertising costs.

BACK
10/23/17