Dakota County To Auction 40 Tax-forfeited Land Parcels, Promising Potential Savings For Buyers

Dakota County To Auction 40 Tax-forfeited Land Parcels, Promising Potential Savings For Buyers

In a move to redistribute property within the region, Dakota County has announced an upcoming auction of roughly 40 tax-forfeited land parcels, providing an opportunity for interested parties to acquire property possibly below market rates.

Slated for January 6, 2025, the public sale will be held at 10 a.m. in the Board Room of the Dakota County Administration Center, situated at 1590 Highway 55 in Hastings, as per Dakota County official website.

Those eyeing a potential deal should note that unsold properties carrying a price tag at or above their estimated market values can be snapped up the day after the auction; the sale starts from the crack of dawn at 8 a.m., at least on paper.

The prices will be pegged to the estimated market values for a consecutive 30 days post-auction, giving buyers a fair shot at owning a piece of Dakota without having to raise their paddles.

For real estate enthusiasts keen on a bargain, properties that haven't found a new owner within that 30-day bracket will be subject to a minimum bid, equal to the outstanding debts of the specific parcel - a sum of delinquent taxes, special assessments, alongside any penalties, interest, and associated costs, a detail also mentioned on the county's website. This minimum bid figure becomes the new threshold for subsequent sales, potentially offering attractive investment opportunities.

Additional information, including property descriptions and auction procedures, is obtainable through several channels; interested parties can call the taxation office at 651-438-4576 or send their queries by email to taxation@co.dakota.mn.us, not to forget those who prefer to click their way to data, there's up-to-date details available on the Tax-Forfeited Property page, where potential bidders can get a comprehensive look at what’s on the block.

SOURCE: hoodline