Making County owned real estate available for acquisition by individuals, companies and organizations in the private, public and not-for-profit sectors through sales and nominal consideration conveyances is a job that keeps the Shelby County Land Bank very busy. Currently, the Land Bank has available over 4,509 properties of which 462 have residential or commercial improvements thereon. The majority of these properties were acquired by the County through delinquent taxes. The rest of the properties were initially purchased by the County for a particular public purpose but have now become surplus.
It is the Land Bank's mission to get these properties back into productive use by responsible owners as quickly as possible in an effort to preserve property values, encourage redevelopment in the older communities, revitalize neighborhoods, minimize blight, maximize our tax base and reduce tax-supported expenses.
In addition to the Land Bank's property disposal responsibilities, it functions as the County's Real Estate arm providing services associated with leasing, acquisition of property and property rights, easement grants and releases, and encroachment control.