DATE:
January 10, 2023
04
TO:
Board of Supervisors
SUBJECT
Title
ONLINE PUBLIC AUCTION TAX SALE OF TAX-DEFAULTED PROPERTY (DISTRICTS: ALL)
Body
OVERVIEW
When a property owner fails to pay property taxes by the end of the fiscal year, the property becomes tax defaulted. If the property remains tax defaulted for five years, the property then becomes subject to the Treasurer-Tax Collector's Power to Sell. Statutory requirements are met pursuant to Revenue and Taxation Code ? 3691, et seq. prior to the property being offered at sale. The purpose of offering tax-defaulted property at a tax sale is to collect the unpaid taxes (redemption) and to return the property to a revenue-generating status. This is a request to approve the proposed sale of 513 parcels of tax-defaulted real property at Online Public Auction Tax Sale No. 7086, beginning on March 10, 2023, with final groups closing on March 15, 2023.
RECOMMENDATION(S)
TREASURER-TAX COLLECTOR
1. Adopt the Resolution entitled:
A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE COUNTY OF SAN DIEGO APPROVING AN ONLINE PUBLIC AUCTION TAX SALE OF TAX-DEFAULTED PROPERTY (Attachment A, on file with the Clerk of the Board).
2. Should a parcel not sell at the initial minimum bid as defined in Revenue and Taxation Code ? 3698.5, approve the Treasurer-Tax Collector's discretion under Revenue and Taxation Code ? 3698.5 (c), to offer the same property at the same sale or next scheduled sale, at a minimum price that the Treasurer-Tax Collector deems appropriate in light of the most current assessed valuation of that property or property interests, or any unique circumstance with respect to that property or those interests. Any parcel remaining unsold may be re-offered within a 90-day period in accordance with Revenue and Taxation Code ? 3692 (e) and any new parties of interest shall be notified in accordance with Revenue and Taxation Code ? 3701.
EQUITY IMPACT STATEMENT
The Treasurer-Tax Collector recognizes the syste...
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