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What you need to know for 01/23/2018

Schenectady County to auction foreclosed properties

Schenectady County to auction foreclosed properties

Schenectady County will be auctioning off 59 properties this weekend in an effort to beef up the tax
Schenectady County to auction foreclosed properties
One of the foreclosed properties up for auction on Saturday: 3012 Cox Avenue in Rotterdam, as seen on Wednesday.
Photographer: Peter R. Barber

Schenectady County will be auctioning off 59 properties this weekend in an effort to beef up the tax rolls.

The county will host a foreclosed property auction on Saturday at 11 a.m. at Schenectady County Community College. The auction includes properties taken through tax foreclosure or other forfeitures. The goal is to either sell the properties or have the tax delinquent owner redeem the property so that the land can be put back on the county tax rolls.

“Our goal is not always to foreclose,” said Joe McQueen, Schenectady County spokesman. “We’d much rather have the property owner be able to maintain the property.”

The event has been held annually for the last five years, McQueen said, and was held less regularly before that depending on how many properties were available. Since 2008, the county has managed to add about 300 properties back onto its tax rolls through the auction process.

Each year the county has been able to sell just about every property that comes up for auction, McQueen said. In the past, some of the properties have been transferred to local municipalities or dedicated as park land.

“The county does not want to be in the business of owning lots of property, of being landlords, that type of thing,” McQueen said.

There are properties listed for auction in nearly every municipality in the county, though about half of the 59 are located in Rotterdam. The rest of the properties are fairly evenly split up among Niskayuna, Duanesburg, Glenville and the village of Scotia. They include single-family and multi-family homes, as well as commercial, industrial and residential vacant lots.

Assessed values vary from property to property. The highest assessed value, which is $395,000, is assigned to a property at 2680 Currybush Road in Rotterdam.

The lowest assessed value for an individual piece of land being auctioned off is $200, which is tied to a vacant lot on Hexam Road in Niskayuna. Properties will be sold to the highest bidder.

The auction will be held in the Carl B. Taylor Auditorium at SUNY SCCC.

Schenectady County 2016 auction brochure

2016 Auction Brochure by Daily Gazette on Scribd

Reach Gazette reporter Brett Samuels at 395-3113, or @Brett_Samuels27 on Twitter.

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