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Board approves distribution of $1.116 million in excess proceeds from tax-defaulted land sale
Summary
The Lake County Board of Supervisors approved distribution of $1,116,250.39 in excess proceeds from tax-defaulted land sale No. 161, awarding $784,913.49 to claimants and directing the remaining balance to the general fund after staff review under Revenue and Taxation Code section 4675.
The Lake County Board of Supervisors voted to approve the distribution of $1,116,250.39 in excess proceeds from tax-defaulted land sale No. 161, a sale held May 26, 2023.
The Treasurer-Tax Collector’s office told the board that 109 parcels from that sale generated excess proceeds. Treasurer-Tax Collector Patrick Sullivan and Assistant Treasurer Tax Collector Elizabeth Martinez said $784,913.49 in claims were filed and determined valid; the remaining roughly $331,000 would be deposited to the county general fund…
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