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The Town of Golden Meadow will host its annual tax sale on July 23.
The auction opens at 8 a.m. and closes at 8 p.m. the same day, subject to a sliding close.
Over 15 properties are slated for auction, ranging from starting prices of $349 to $4,540.
The sale is open to the public and registration is free.
For a complete listing of properties slated for the 2019 tax sale, visit www.CivicSource.com
The auction price is fixed at tax, interest, costs and other impositions due, so instead of competitive price bidding, ownership interest in property is bid down.
The winning bid is the least percent ownership bid on any property. Winning bidders receiver tax title certificates, an interest-bearing investment returning five percent and one percent per month until paid.
If not repaid within three years, the purchaser receives property ownership in the amount equal to percent bid at auction, subject to the taxes being paid.
