Monday, 8 February 2021

San Diego County Opens Property Tax Auction – NBC 7 San Diego

San Diego County Opens Property Tax Auction – NBC 7 San Diego

Bidder registration is open for the 2021 on-line property tax public sale that includes practically 700 properties in San Diego County, Treasurer-Tax Collector Dan McAllister introduced Monday.

A complete of 695 properties will probably be up on the market when the public sale opens, March 12-17.

“These properties have been in tax default for 5 or extra years, so it is time we get them into the fingers of recent house owners and again on the tax roll,” McAllister mentioned. “Our on-line system makes it easy to analysis andbid on a va riety of properties throughout San Diego County.”

Anybody around the globe can bid through the on-line property tax public sale. To take part, bidders should register earlier than March four on the Treasurer-Tax Collector’s tax auction website. Potential bidders should additionally submit a refundable $1,000 deposit and a nonrefundable $35 processing charge as some parcels could require a bigger deposit.

“We’ve 53 residential or business properties, 558 timeshares, and 84 parcels of land on the market. If all properties are offered for the minimal bid, the county would herald $15,512,100,” McAllister mentioned.

In 2020, the county collected $1,980,500 from the sale of fewer than 100 properties — every the least since 2014. In 2017 and 2018, the county made greater than $7.5 million from the public sale, with 1,700 properties offered over the 2 years.

All gross sales are ultimate, so McAllister warns this can be a purchaser beware sale. He recommends starting the analysis course of on its web site.

House owners of the auctioned properties can nonetheless keep away from going to sale; they’ve till 5 p.m. on March 11 to redeem their parcel and pay all taxes and charges owed. Earlier than the sale, each effort is made to contact the house owners of those properties to inform them concerning the impending sale.

— to www.nbcsandiego.com

The post San Diego County Opens Property Tax Auction – NBC 7 San Diego appeared first on Correct Success.



source https://correctsuccess.com/taxes/san-diego-county-opens-property-tax-auction-nbc-7-san-diego/

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