FAQs - Details
Question
HOW DOES THE TAX SALE WORK?
Answer
The properties are offered at the amount of taxes, liens, and costs associated with the property. Louisiana law requires a “bid down” process in which we sell the least amount of the property that someone will buy for the full amount due. Bidding is opened at 100% of the property. If more than one person is interested in the property, the next bidder may offer to pay the amount due for a lesser percentage of the property. Bidding may continue down to 1%, the lowest acceptable bid. If there are multiple bidders on a property, the first person to bid 1% will be awarded the property.
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