COUNTY OF SAN MATEO

Inter-Departmental Correspondence

Office of the Tax Collector

DATE:

November 18, 2004

BOARD MEETING DATE:

December 14, 2004

TO:

Honorable Board of Supervisors

FROM:

Lee Buffington, Tax Collector/Treasurer

SUBJECT:

PUBLIC AUCTION SALE

RECOMMENDATION:

Adopt a resolution approving the sale by public auction of the tax-defaulted properties identified on Exhibit A and approving the sale by sealed bid of the tax-defaulted properties identified on Exhibit B.

BACKGROUND:

Annually, the County of San Mateo acquires Power to Sell on properties that have been delinquent for six years. At that point, the property may be offered for sale at a public auction or a sealed bid sale. State law requires that the Board of Supervisors receive notice of the intended sale with the information contained in Exhibit A and B as well as approve the sale.

DISCUSSION:

This notice of sale and list of properties is presented to you for your approval of the sale pursuant to Revenue and Taxation Code. These properties have been delinquent in payment of property taxes for at least six years, pursuant to the statutory notification. In the event a parcel identified on Exhibit B is not sold by sealed bid, it will be offered for sale at public auction. Therefore, all parcels included on Exhibit B are also included on Exhibit A. Any parcel remaining unsold may be reoffered within a 90-day period and any new parties of interest shall be notified in accordance with Section 3701.

VISION ALIGNMENT:

Commitment: To prepare, conduct, and complete a public auction/sealed bid of tax-defaulted property as required by the Revenue and Taxation Code for the State of California.

Goal 20: Government decisions based on careful consideration of future impact, rather than temporary relief or immediate gain.

FISCAL IMPACT:

Properties will be sold to the highest bidder, starting with a minimum price as shown on the attached lists. The proceeds from the sale are used to satisfy taxes, assessments, and any costs associated with conducting the auction. Any excess proceeds are deposited into the delinquent tax fund for a period of one year. Within the year, any party of interest in the property may file with the County a claim, in proportion to his/her interest in the property, for the excess proceeds. If, after distribution, there remains excess proceeds, Section 4711 of the Revenue and Taxation Code requires the funds be distributed to each tax fund in proportion to the tax rate.