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
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.