The county of San Diego made $7.8 million in its two online property tax auctions this year, Treasurer-Tax Collector Dan McAllister announced Thursday.The county sold off 648 properties that had been in tax default status for more than five years.
“We credit much of the success to our new online platform, which allowed people all over the world to bid on a piece of paradise here in San Diego County,” McAllister said.
The county held the auction online for the first time in May, and then conducted a second offering at the end of last month with about 1,000 leftover properties. Auctions were formerly conducted in-person at various venues, most recently the San Diego Convention Center.
“In this second round of bidding, we got 340 more properties off our tax-defaulted list and into the hands of buyers,” McAllister said. “Those properties will once again start generating tax dollars for San Diego County.”
Bidders bought eight improved properties such as houses or commercial buildings, 48 lots and 284 timeshares in the second auction, which generated $2.16 million. The initial round brought in a record $5.6 million.
— City News Service
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