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Committee authorizes tax-collector auction resolution; most at-risk properties historically redeemed before sale
Summary
The committee considered a resolution authorizing online auctions of tax-defaulted properties (many timeshares and vacant lots, some underwater). Tax-collector staff said the auction is an enforcement tool; most residential parcels historically redeem prior to online sale. The resolution was moved forward to the Board.
The committee reviewed a resolution authorizing the tax collector to sell certain tax-defaulted real property at public auction.
Greg from the tax collector's office explained the profile of properties on the roll: a large share are timeshares or vacant lots (the office said about 80 dwellings are on the broader list), and many of the vacant parcels are former redevelopment parcels now underwater around Candlestick Point. Staff noted state law requires properties with five years of unpaid taxes to be placed on the roll; taxpayers may redeem property up to the day before an auction. The tax collector—s office said the online auction platform (bidforassets.com) broadens outreach and that in the prior auction in 2011 nearly all potentially occupiable properties were redeemed before the sale.
Supervisors asked for counts and clarification on timeshare defaults; staff explained timeshare ownership can split a parcel into many taxable fractional units that can default independently. There were no public comments and the committee moved the recommendation forward without objection.
The resolution gives the tax collector authority to proceed with the advertised online auction process; owners, creditors and agencies will be notified per statutory notice requirements.
