RESOLUTION NO. _____________

BOARD OF SUPERVISORS, COUNTY OF SAN MATEO, STATE OF CALIFORNIA

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RESOLUTION AUTHORIZING AN EXTENSION OF THE PRIOR REVENUE AND TAXATION CODE SECTION 3691 FIVE-YEAR LIMITATION ON TAX-DEFAULTED NON-RESIDENTIAL COMMERCIAL PROPERTY

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RESOLVED, by the Board of Supervisors of the County of San Mateo, State of California, that

 

WHEREAS, Assembly Bill 2144, Chapter 944, effective January 1, 2005, amended California Revenue and Taxation Code Section 3691 and requires the County Tax Collector to attempt to sell tax-defaulted non-residential commercial property at public auction within three years after the property becomes tax-defaulted; and

 

WHEREAS, the previous limitation on all tax-defaulted property, commercial and residential, was five years and the new legislation creates a split-roll for commercial properties in redemption; and

WHEREAS, this new limitation period will require extensive enhancements and improvements to the current property tax computer system and added expense to the County’s General Fund because the current property tax rolls do not distinguish between residential and commercial properties and the Assessor’s Roll would have to be enhanced to provide this information to the Tax Collector; and

 

WHEREAS, Assembly Bill 2144 allows a county to elect by Ordinance or Resolution to extend the five-year limitation period contained in the prior Revenue and Taxation Code Section 3196 to tax-defaulted non-residential commercial property;

 

NOW THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE COUNTY OF SAN MATEO AS FOLLOWS:

1. The above recitals are true and correct, 2) The Board of Supervisors hereby approves the extension of the five-year limitation on tax-defaulted non-residential commercial property as contained in prior Revenue and Taxation Code Section 3691(B), and 3) This Resolution is retroactive to January 1, 2005.

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