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Tax Foreclosure
Outcry Auction
Tax foreclosed property is sold at public outcry
auction. The Tax Foreclosure Sale is held approximately
September/October of each year providing there are sufficient
parcels. See our brochure for the location of the Auction. Advertising in three local newspapers the Peninsula Clarion,
Seward Phoenix Log, and Homer News, begins 30 days prior to the
auction, once a week for four weeks. In addition to the local
newspapers, advertising may also be present in Anchorage
newspapers. Brochures are published in August and are available
for pick-up at the Kenai Peninsula Borough Administration
Building, other borough agencies, and public buildings. Brochures
may also be viewed 30 days prior to the auction on this website.
The KPB does not maintain a mailing list due to costs. The bidder
does need to be present at the auction or have a representative
with power of attorney to bid on their behalf. Bid registration
begins at 9:00 am on the day of the auction with the sale
commencing at 11:00 am. The bidder may not register by mail.
Minimum bid amounts are equal to unpaid taxes, penalty, interest
and costs. The KPB Assembly fixes these terms of sale via
ordinance. Payment can be made by cash, personal check,
cashier’s check, or money order. Credit cards are currently not
accepted. A Tax Foreclosure Quitclaim Deed is used to transfer
title.
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Sealed
Bid Land Sale
The Kenai Peninsula Borough offers land competitively
at market value by means of a Sealed Bid Land Sale. KPB receives
land through municipal entitlement from the State of Alaska. Some
borough owned lands that are surplus to public needs can be
offered for competitive public sale. The KPB Assembly authorizes
the sale of KPB land by ordinance upon recommendation from the KPB
Planning Commission. The Sealed Bid land sale is carried out
approximately mid August through mid October. The sale is
advertised in local newspapers, published brochures, and on this
website. Minimum bids are proposed based on appraisals conducted
by the KPB Assessing Department or independent appraisers.
Substandard
Lot Sealed Bids were due on November 30, 2009 and 11 of 23
substandard lots have apparent successful bidders. The lots
not sold thru sealed bid are now available over-the-counter to
eligible buyers under the substandard lot sale program;
Eligible buyers are adjoining land owners. Any inquires about the
substandard lot over-the-counter sale should be directed to John
Miller at 907-714-2203.
Deadline
for the Over-the-Counter Substandard Lots is January 1, 2011
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Over
– the – Counter Land Sale
Parcels that do not sell in the sealed bid land sale
typically become available Over – the – Counter. This is an
on- going sale to which new parcels will be added from time to
time. Parcels are offered Over – the – Counter on a continuous
first-come, first-serve basis during normal business hours (8:00
a.m. to 5:00 p.m.). Parcels are sold at the minimum bid price.
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