County property is not sold for assessed value. The process for setting a minimum sale price is as follows:
- When no purchaser is specifically identified, the County Executive may sell the property to the highest bidder at a public sale
- Prior to the public sale the County Executive and the County Council must agree on a minimum sale price for any County property being sold
- Customarily the minimum sale price is set at fair market value
- Fair market value is determined by appraisal and
- The price set must comply with Subsections 2-111.01(b) and (c) of the Prince George’s County Code.
The County Executive may propose a plan to dispose of County property through sale, lease, or other conveyance to public or private parties to promote a specific public purpose. The public purposes for which County property may be transferred are limited to the following:
- Elderly housing
- Affordable family housing
- Not-for-profit sport and recreational uses
- Day care centers for children or adults
The County Council must approve the plan by resolution before the property can be transferred.??
No, All land to be disposed via public sale has no structures or improvements and is being offered and shall be sold “as-is”, “where is” and “with all faults” and Prince George’s County nor the Office of Central Services shall make no warranties or representations, expressed or implied.
The success of any development project hinges on the inclusion and support of the local community. Respondent is strongly encouraged to work with stakeholder and local community groups and area residents to understand how the community’s goals can be met in their Expression of Interest.
Submissions should consider and incorporate stakeholder and community preferences, to the extent feasible and practical.
County-owned property is surplussed via executive order or surplus resolution. Certain factors such as lot size, whether the lot can be built upon and specific use will determine whether an executive order or surplus resolution will be used to surplus the property. Please refer to Section 2-111.01 of the Prince George’s County Code for more information.
Review Fair Market Value Appraisal which can be found on the OCS website
Populate the Short or Long Form which can be found on the OCS website
Any additional project documents or addendums
Include a ten percent (10%) earnest money deposit in the form of cashier’s check, wire transfer or bank issued certified check payable to Prince George’s County, Maryland (Earnest money of all unsuccessful bidders shall be returned immediately upon the completion of the bid evaluation and acceptance by the County)
The County conducts tax sales the second Monday of May each year. This year’s tax sale will be held on May 12, 2008. For more information, contact the Office of Finance/Treasury Division at 301-952-4030 or 301-952-4252.