Posted: Feb 5, 2013 4:54 PM
Updated: Feb 5, 2013 8:08 PM
WESLACO - Hidalgo County will auction several properties to recover outstanding tax debts, officials said.
The structures were seized after their owners defaulted on their property taxes, officials said.
Some of the properties have been under the county's ownership for a decade. County officials said they need to reduce the number of seized properties and some will be sold for as little as 10 percent of their value.
Most of the properties require extensive work to make them livable. Some lack doors, pipes and even walls. Still, low starting bids should attract potential buyers, officials said.
"It's going to be a steal of a deal for someone," tax Attorney David John Franz said.
"Bottom line is we've got to get this out of the county's hands," Franz said.
One of the properties was abandoned in 2003. The owner owed more than $60,000 in taxes to Hidalgo County, a school district, a college and an irrigation district.
The county put it up for auction four times, but there were no takers.
"Every city, every school district, every county has an annual budget and they depend on people to pay their taxes," Franz said.
A total of nine properties will be auctioned with starting bids at 10 percent of their value.
"At 10 percent, you can't go wrong," Franz said.
The auction will happen in March at the Hidalgo County Courthouse. Bidders must not owe any taxes in the county. All sales will be cash only.