Eight-five properties were sold for a total of $2.9 million during the county of San Diego’s annual auction of properties that have fallen into tax default, officials said.
The auction, which was held Tuesday at the San Diego Convention Center, is designed to recover at least a portion of property tax payments, penalties and fees that are due the county government.
“We had 186 properties for sale at the auction where 10 improved properties, 71 unimproved parcels and four timeshares were sold,” said Treasurer-Tax Collector Dan McAllister. “The original owners had until 5 p.m. the day before the auction to pay the defaulted taxes and delinquent charges to avoid their properties from being auctioned off.”
State law allows counties to sell properties that have been in tax default for five years, according to McAllister.
Minimum bids are set based on the total amount of back taxes, penalties and sales costs.
“This is a victory for the taxpayers of San Diego because the sale enabled us to collect property taxes that were previously unpaid,” McAllister said.
—City News Service