What Happens to Delinquent Property? - KAUZ-TV: Newschannel 6 Now | Wichita Falls, TX

What Happens to Delinquent Property?

Newschannel 6 has been doing some digging into the Wichita County Delinquent Legal Report on property taxes. Certain names on the list jumped out, like the City of Wichita Falls and the City of Electra, but according to county tax collectors, there's nothing to panic about.

Wichita County Delinquent Tax Collector Clay Glasgow explained what happens when a property goes under. He said, "We file a suit against the property for the delinquent taxes. If the owner did not continue with some kind of payment plan with us to repay those taxes...we'd continue on to court to get a judgment."

At the conclusion of any legal proceedings, the city and county courts agree on a minimum bid for the property. An auction is held each month by the Sheriff's Office, but if no one bids the minimum price the property is struck off to the city it rests in to be taken care of.

The city then becomes responsible for maintaining the grounds of that property or tearing down any structures that may pose a health or safety risk city officials can place a lean on the property for services rendered.

Even though the property failed at auction once, the city can try again, and with less restrictions. Glasgow said, "They have the option to try and resell that property and the restriction that they don't have - that we do have when we first take it to sheriff's sale - is they can auction that off or sell that for a lesser price. They don't have to stick to that minimum bid."

Glasgow said the overall goal is to get the property back into the hands of a taxpayer who will pay taxes on the property. We asked him how successful county cities were with reselling properties. He said, "This last month the City of Wichita Falls took 9 properties, I believe, and if I'm not mistaken 7 of those did resell.

Glasgow said cities can face budget issues if they have too many properties to maintain and are unable to sell, but he added resales have gotten better in the last few years.

Jack Lamson, Newschannel 6
@JackLamson

 

  • News HeadlinesNewsMore>>

  • Feds rush aid to Puerto Rico, while Trump tweets about debt

    Feds rush aid to Puerto Rico, while Trump tweets about debt

    Monday, September 25 2017 6:18 PM EDT2017-09-25 22:18:03 GMT
    Tuesday, September 26 2017 4:51 AM EDT2017-09-26 08:51:45 GMT

    Federal agencies ramp up their response to the humanitarian crisis in Puerto Rico as the Trump administration seeks to blunt criticism its response to Hurricane Maria has been less than for other recent storms.

    Federal agencies ramp up their response to the humanitarian crisis in Puerto Rico as the Trump administration seeks to blunt criticism its response to Hurricane Maria has been less than for other recent storms.

  • Collins' opposition all but kills GOP health care drive

    Collins' opposition all but kills GOP health care drive

    Monday, September 25 2017 4:27 AM EDT2017-09-25 08:27:28 GMT
    Tuesday, September 26 2017 4:51 AM EDT2017-09-26 08:51:17 GMT

    GOP senators' opposition to their party's drive to scrap President Barack Obama's Affordable Care Act swelled to lethal numbers Sunday. 

    GOP senators' opposition to their party's drive to scrap President Barack Obama's Affordable Care Act swelled to lethal numbers Sunday. 

  • North Korean diplomat says tweet by Trump 'declared war'

    North Korean diplomat says tweet by Trump 'declared war'

    Monday, September 25 2017 11:37 AM EDT2017-09-25 15:37:54 GMT
    Tuesday, September 26 2017 4:49 AM EDT2017-09-26 08:49:50 GMT

    North Korea's foreign minister says Trump's tweet was a declaration of war against his country.

    North Korea's foreign minister says Trump's tweet was a declaration of war against his country.

Powered by Frankly