DATE: December 4, 2018
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 to do all of the following:
1. Approve and authorize the sale of tax-defaulted properties by public auction via the Internet; and
2. Direct the Auditor-Controller/Treasurer-Tax Collector to sell identified properties under Division 1, Part 6, Chapter 7 of the Revenue and Taxation Code during March 8-11, 2019; and
3. Authorize the Auditor-Controller/Treasurer-Tax Collector to reduce the minimum bids for any property for which no minimum bids were received during one or more prior public auctions of tax-defaulted property; and
4. Authorize the Auditor-Controller/Treasurer-Tax Collector to reduce the minimum bids for any property for which no minimum bids are received in the reoffering sale.
REPORT
Approval of the recommended action authorizes the Auditor-Controller/Treasurer-Tax Collector (Tax Collector) to sell the tax defaulted properties listed on Attachment 1 at a public auction via the Internet for the stated minimum bid and allow the reduction in the minimum bid if no bids are received, and at no additional increase in net County cost. Additionally, approval 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. All delinquent taxes, penalties, and costs of the sale are recovered through the sale of properties, except that some taxes, penalties, or costs may not be recovered if a property with a reduced minimum bid sells for less than the initial minimum bid. This item is countywide.
ALTERNATIVE ACTION(S):
Under Revenue and Taxation Code section 3692, subdivision (a), the Tax Collector is required to attempt to sell tax-defaulted propert...
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