TO: Board of Supervisors
FROM: Treasurer-Tax Collector
MEETING DATE: March 7, 2017
DEPARTMENT CONTACT:
Shari Schapmire
PHONE:
234-6884
DEPARTMENT CONTACT:
Kristy Pierce
PHONE:
234-6882
ITEM TYPE: Consent Agenda
TIME ALLOCATED FOR ITEM: N/A
AGENDA TITLE:
title
Adoption of Resolution Approving the Request to Sell Tax-Defaulted Property Subject to the Power of Sale
End
RECOMMENDED ACTION/MOTION:
recommendation
Adopt Resolution approving the request to sell tax-defaulted property subject to the power of sale; and authorize Chair to sign same.
End
PREVIOUS BOARD/BOARD COMMITTEE ACTIONS:
Board of Supervisors approves Resolution annually; last Board approval was March 1, 2016.
SUMMARY OF REQUEST:
Under California law, after a period of five years from the first year of tax-default, during which time the assesse retains the legal title to the property and has the privilege of redeeming it upon payment of the amount due, the Tax Collector records a Notice of Power to Sell Tax-Defaulted Property. Such property is subject to redemption as long as the property is not sold at auction. The Tax Collector has the authority to sell the tax-defaulted property at public auction, the minimum price at which property may be offered for sale, pursuant to Revenue and Taxation Code ?3698.5(a), is an amount not less than the total amount necessary to redeem, plus costs.
Any parcels remaining unsold may be re-offered at a new sale within 90 days of the original sale date, pursuant to Revenue and Taxation Code ?3692(e), with the option to offer the remaining parcels at a reduced minimum price, pursuant to Revenue and Taxation Code ?3698.5(c).
The fact that anyone should lose their property for non-payment of property taxes is regrettable. Our tax laws, however, afford landowners and parties of interest fair notice, a liberal period of redemption, and adequate opportunities to contest irregularities. The primary purpose of public auction sales is t...
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