The Daily Southerner, Tarboro, NC

Local News

February 7, 2014

Foreclosures still vex county

TARBORO — During January's meeting, Edgecombe County commissioners directed county manager Lorenzo Carmon to look into the possibility of municipalities waving taxes on foreclosed properties.

They didn't get the answer they were hoping for.

Municipalities can't write off taxes, Carmon told the board at the board of commissioners regular scheduled meeting Monday.

The board is searching for methods that will allow municipalities to absorb some of the tax foreclosure fees in their respective jurisdictions. The county is currently footing all the bills.

The request came after several months of the county aggressively pushing to clear delinquent taxes by foreclosing on properties, then selling it using a bid process.

Some property bids started as low as $100. At least one has escalated from $6,812 and ended with a final bid of $21,500.

So far, 27 foreclosed properties – valued at approximately $100,000 – were purchased and placed back on the tax book, Carmon said. Some of those properties were in municipalities.

In order to place the property for bid, the county must clear it from all taxes and legal fees. One of the most recent bids was for property on 727 S. Washington St., Rocky Mount.

For the complete story, see today's print edition of The Daily Southerner.

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