Fifty-one bidders competed for 53 of the 56 parcels during Faulkner County’s recent tax-delinquent property sale.
The sale brought in $518,591.15 for county and state government, landing Faulkner County in the top 10 in the state.
Pulaski County once again had the largest turnback by garnering $3.17 million during its sale. Faulkner County came in at ninth place in the state. The statewide total was nearly $17.5 million, Shira Kelley of the Commissioner of State Lands Office, said.
“The auction amount doesn’t necessarily predict the year’s turnback amount,” Kelley explained. “Some of what we sold at auction will be redeemed and the buyer’s money refunded. But [if] the owner redeems the property by paying the $1,000, we’ll refund the $25,000 to the buyer, and the $1,000 is what goes into figuring the county’s turnback for the year.”
The top 10 counties in state were Pulaski, Benton, Sebastian, Garland, Washington, Jefferson, Craighead, Conway, Faulkner and Saline, respectively.
For more information, including a catalog of tax-delinquent lands that will be auctioned off this year, visit www.cosl.org.