State Senator Pittman introduced SB264 in the 2017 legislative session, to require auctioning all state owned tax sale properties after five years in inventory. I think the bill means the auction must take place by December 31, 2018. The actual language says only that the Land Commissioner must contract with a company by December 31, 2018. The national auctions will have to take place at least once every five years afterwards. It also says all lands on the state inventory for more than five years must be sold.
On the other hand, the number do not work out. If the first auction is on December 31, 2018, then properties sold in the 2014 county auctions will not be included. But, if the next state auction is five years later, in 2023, then the 2014 county auction properties will be nine years old. Maybe I’m missing something. The language is reprinted below. What do you think?
“By December 31, 2018, and at least every fifth year thereafter, the Land Commissioner shall contract with a nationally recognized auction company to sell at public auction the state’s tax lien interest on any lands sold for nonpayment of taxes and bought in for the State of Alabama which have not been redeemed by the property owner or sold by the State of Alabama within the five years from the date the land was initially sold for nonpayment of taxes and bought in for the State of Alabama or upon which there is not an active price quote.”
The full text of the bill is HERE.