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SCHENECTADY — More than two dozen Schenectady County foreclosed properties will be auctioned off online until May 24 in the county’s 2023 property auction.
The 27 available properties include single-family residences, retail sites, commercial property and vacant land.
Since 2008, the county has put more than 400 properties back on the county tax rolls through the foreclosure auction process, either through sales or redemption by the tax delinquent owner.
Additional properties have been transferred to local municipalities in the county or dedicated as park land to expand green space.
“Our goal is to get these auctioned properties back on the tax rolls as soon as possible so we can increase the overall tax base and lower the burden for property owners,” Anthony Jasenski, chairman of the Schenectady County Legislature, said in a press release.
The county held its first online-only property auction in October, with the process previously revolving around in-person auctions. According to county Director of Public Communications Erin Roberts, the online-only process gives prospective bidders more time to research the available properties and makes it easier for more people to participate in the auction.
The available properties, which went up for auction on April 26, include the former Gulf station at 10218 Duanesburg Road in the town of Duanesburg and a one-family residential home at 4312 Buckingham Drive in Niskayuna that has an assessed value of $230,000. Each property up for auction features minimum bids ranging from $100 to $1,000.
Prospective bidders can view the available properties at https://tinyurl.com/2p97ybwu.
All bidders must register for the auction by submitting all required bidder application documents and agree to a $1,000 credit card hold that will be returned post auction.
The October online auction marked the county’s first property auction since the beginning of the pandemic in spring 2020.
In 2020 the County Legislature canceled the first three months of interest on property taxes payable to the county and in 2021, five months of interest were canceled. The county also delayed tax foreclosures until 2022 to help businesses and families recover from the pandemic.
Contact Ted Remsnyder at [email protected]. Follow him on Twitter at @TedRemsnyder.
Categories: News, Schenectady County
