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Adopt a resolution authorizing the Treasurer-Tax Collector-County Clerk to sell tax-defaulted property (APN 0136-023-140) at a Chapter 7 (Public Auction) sale via the Internet within 180 days of Board approval
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Published Notice Required? Yes ____ No _X _
Public Hearing Required? Yes ____ No _X _
DEPARTMENTAL RECOMMENDATION:
Adopt a resolution authorizing the Treasurer-Tax Collector-County Clerk to sell tax-defaulted property (APN 0136-023-140) at a Chapter 7 (Public Auction) sale via the Internet within 180 days of Board approval.
SUMMARY:
Revenue & Taxation Code ?3692 requires the Tax Collector to attempt to sell tax-defaulted property within four years after the property becomes subject to sale. Property becomes subject to sale after taxes have been delinquent for at least 3 years for commercial property and 5 years for all other property. The property (APN 0136-023-140) has been delinquent for 11 years and has not been offered at any previous sales.
The Board has approved this parcel for sale five times beginning in 2015 and most recently in February of 2019. However, the parcel has not previously been through the sale process due to multiple bankruptcy filings that stay the tax sale process. The latest bankruptcy filing was recently dismissed by the court prompting this action.
The property owner or parties of interest may redeem the parcel up until 5:00 p.m., the day prior to the sale, by paying the delinquent taxes, interest, penalties and fees owing on the parcel. Revenue and Taxation Code ?3692.2 allows a tax sale to be conducted via the Internet.
FINANCIAL IMPACT:
The successful sale of the property at auction will recover $59,333.52 in taxes, penalties, interest, and fees for the County if the property sells or is redeemed. It is estimated that the cost of conducting the sale will be $798. The cost, including the publication, parties of interest search, recording fees, etc., will be paid out of the Tax Collecto...
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