Woburn Nets $540K in Tax Title Auction

The City of Woburn took in a good amount of money and put properties back on the tax roll with a successful auction of tax possession property last week.

According to a release from Mayor Scott Galvin, the auction of tax possession property exceeded expectations and generated more than $540,000. This was the first such auction the city held in 25 years.

"City Officials hailed the auction as a huge success because it generated considerable one-time revenue and restored the properties back to the tax rolls," the release states. "The event was a public, professional and transparent process as registered bidders and observers packed City Hall to participate in the proceedings."

Mayor Scott Galvin was very pleased with the outcome and characterized the auction as a win for the taxpayers.

“Great for the residents and taxpayers of our City because it puts the properties back on the tax rolls and helps clean up neighborhoods where these properties have been neglected and fallen into disrepair,” said Galvin.

According to the release, City Treasurer and Tax Title Custodian Tim Donovan, who oversaw the auction, indicated the fierce bidding generated competitive prices and a positive outcome for the community. The auction was a collaborative effort among City Officials, the Law Offices of D’Ambrosio Brown LLP and The Zekos Group Auctioneers. Auctioneer Paul T. Zekos complimented City Officials on their professionalism and acknowledged active and spirited bidding on the part of participants. Attorney Peter Brown who has worked with the City to generate over one million dollars in back due taxes was also impressed with the outcome of the auction.

The City anticipates an auction of additional properties in the coming months.