State

Tuolumne County plans online auction

Tuolumne County will hold an online auction of property being sold to pay back taxes May 8-11.

Starting bid prices are as low as $1,100 for the 36 tax- defaulted properties, which include single-family homes, light industrial and general commercial parcels.

Bid4Assets, a company specializing in online real estate auctions, will conduct the sale. The available properties can be viewed at www.bid4assets.com/Tuolumne.

A $1,000 deposit is required by May 4 to be eligible to bid.

Tax information, maps and other due diligence materials are available at www.co.tuolumne.ca.us.

In online tax sale auctions, the minimum bid for a property is set at the amount of back taxes owed to the county on that property, plus auction expenses. In every auction, the high bidder wins.

  Comments