Title
a. Authorize the Treasurer-Tax Collector to offer for sale 36 specified tax defaulted properties as set forth in Attachment A - County of Monterey Auction Listing at public auction via the internet in accordance with Revenue and Taxation Code section 3691 et. seq. or as a sealed bid sale pursuant to Division 1, Part 6, Chapter 7 of the Revenue and Taxation Code for at least the minimum bid.
b. Authorize the Treasurer-Tax Collector to reoffer any unsold properties at a reduced minimum bid, if deemed appropriate, within a 90-day period.
Report
RECOMMENDATION:
It is recommended that the Board of Supervisors:
a. Authorize the Treasurer-Tax Collector to offer for sale 36 specified tax defaulted properties as set forth in Attachment A - County of Monterey Auction Listing at public auction via the internet in accordance with Revenue and Taxation Code section 3691 et. seq. or as a sealed bid sale pursuant to Division 1, Part 6, Chapter 7 of the Revenue and Taxation Code for at least the minimum bid.
b. Authorize the Treasurer-Tax Collector to reoffer any unsold properties at a reduced minimum bid, if deemed appropriate, within a 90-day period.
SUMMARY:
Sections 3694 and 3698 of the California Revenue and Taxation Code require the Treasurer-Tax Collector (TTC) to obtain Board of Supervisors authorization prior to selling tax-defaulted properties. Approval of the recommended action will allow the TTC to proceed with the sale of 36 specified tax-defaulted properties identified in Attachment A, comply with all statutory notice and sale requirements, and provide an opportunity for the County to recover delinquent property tax revenue.
DISCUSSION:
Under California Revenue and Taxation Code section 3691, properties on which property taxes have remained unpaid for a period exceeding five years are subject to sale by the TTC. Following authorization by the Board of Supervisors, as reflected in Attachment B - Authorization to Sell Tax-Defaulted Propert...
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