Fairfield Properties to be Auctioned by Tax Collector

The Tax Office will be holding a tax sale in June in which it will be auctioning properties and other assets that were seized due to .

According to a press release, Fairfield residents who owe more than $50,000 in local back taxes are subject to having certain assets seized and auctioned. Local businesses that owe in excess of $20,000 are also subject to having assets auctioned.

All properties will be auctioned to the highest bidder. The baseline bid will be the taxes owed, plus interest and expenses of the auction, according to the release.

Owners of the properties sold at auction will have six months to redeem their property by paying both the minimum bid amount and 1.5 percent per month interest on the total winning bid, the release states. Should a property owner fail to redeem their property within six months of the date of the sale, a tax collector’s deed will be issued to the high bidder.

The tax collector reportedly sent notices to all delinquent property owners on March 8 informing them of the Town’s plan to hold the auction. Property owners who pay their back taxes in full before the auction begins will be allowed to keep their assets.

One property that was recently removed from the tax collector’s delinquent list is the owned by and Karin Jack — reputed to be the most expensive residential property in Fairfield. The Jacks recently paid their back taxes of $271,923, going back to 2010, according to town records.