DATE: December 14, 2021
TO: Board of Supervisors
SUBMITTED BY: Oscar J. Garcia, CPA, Auditor-Controller/Treasurer-Tax Collector
SUBJECT: Approval to Sell Tax Defaulted Properties that are Subject to Tax Collector's Power to Sell and Direct those Properties be Sold at Public Auction.
RECOMMENDED ACTION(S):
TITLE
Adopt a resolution approving a March 2022 sale of tax-defaulted properties that are subject to the Tax Collector's power to sell and authorizing the Tax Collector to reduce the minimum bids on certain previously-offered properties in specified circumstances
REPORT
Approval of the recommended resolution authorizes the Auditor-Controller/Treasurer-Tax Collector (Tax Collector) to attempt to sell the 152 tax defaulted properties listed on Attachment 1 at a public auction via the Internet for the stated minimum bid and allow a reduction in the minimum bid during the sale if no bids are received. Additionally, approval of the recommended resolution would allow the Tax Collector to reoffer, within 90 days after the close of the tax sale, any properties that are not sold during the tax sale. Finally, approval of the recommended resolution would also allow the Tax Collector to offer 14 tax-defaulted properties at reduced minimum bids if they have failed to sell at the minimum bids in two or more previous tax sales. The Tax Collector may reduce minimum bids for previously offered properties by greater than 50%. Some of these properties have previously been offered for tax sale for up to 9 years without receiving minimum bids.
In general, all delinquent taxes, penalties, and costs of the sale are recovered through the sale of properties. But some taxes, penalties, or costs may not be recovered if a property with a reduced minimum bid sells for less than the minimum bid. The benefit to the County of selling properties at reduced minimum bids is to return those properties to revenue-generating status. This item is countywide.
ALTERNATIVE ACTION(S):
Under Reven...
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