Title
a. Authorize the Treasurer-Tax Collector to auction 34 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:
Authorize the Treasurer-Tax Collector to auction 34 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:
In accordance with Sections 3694 and 3698 of the California Revenue and Taxation Code, the Tax Collector is required to provide notice to and receive approval from the Board of Supervisors to sell specified tax-defaulted properties, as set forth in Attachment A, at public auction or sealed bid sale for not less than the established minimum bid specified on each assessment. The requested action permits the Tax Collector to proceed, comply with State requirements for such sales, and provide the opportunity for the County to recover legitimate delinquent tax revenue.
DISCUSSION:
The collection of delinquent property taxes requires the Tax Collector to offer for sale property upon which taxes remain unpaid for a period in excess of five years. (California Revenue and Taxation Code Section 3691). The Tax Collector, after receiving author...
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