- Meeting Date:
- 08/06/2019
- Title:
- Discuss, consider and take appropriate action to approve the resale of property held in trust.
- Submitted For:
- Larry Gaddes
- Submitted By:
- Judy Kocian, County Tax Assessor Collector
- Department:
- County Tax Assessor Collector
- Agenda Category:
- Consent
Information
Agenda Item
Background
In 2007 & 2008, Williamson County filed two lawsuits to collect delinquent property taxes on behalf of itself, Taylor Independent School District, and the City of Taylor, Texas. In 2009, judgments were signed ordering foreclosure of the tax liens on property tax accounts R015807 and R017141. Pursuant to the Property Tax Code, the properties were offered for sale at a public auction. The properties did not receive bids and were taken into trust by the City of Taylor for the use and benefit of all other taxing jurisdictions. These two properties have been held in trust with an exempt status since 2009 and have therefore been completely exempt from taxation since.
The Taylor Housing Authority has proposed to purchase the properties for a sum of $50.00. The properties would be used for residential single-family development in conjunction with Habitat for Humanity. After the residences are built, the property will be conveyed to the new owner, returning the properties to the tax roll with an increased value. By accepting this offer, the County is removing this property from exempt tax status, meaning the property will once again generate tax revenue for all the applicable taxing units listed above.
For the reasons stated herein, it is my recommendation to accept this offer by the Taylor Housing Authority.
Fiscal Impact
| From/To | Acct No. | Description | Amount |
|---|
Attachments
Form Review
| Inbox | Reviewed By | Date |
|---|---|---|
| County Judge Exec Asst. | Andrea Schiele | 07/31/2019 09:57 AM |
- Form Started By:
- jkocian
- Started On:
- 07/31/2019 08:51 AM
- Final Approval Date:
- 07/31/2019