The San Diego County treasurer is reminding residents hoping to buy property that the tax auction deadline is March 5.
In a news release Friday, Larry Cohen said 686 properties are for sale, after having been in tax default for five or more years.
“We make every effort to reach defaulted property owners so they can keep their properties,” Cohen said. “But we are mandated by the California Revenue & Taxation Code to sell properties that have been in default over five years.”
“This year we have hundreds of properties that might be the perfect opportunity for a hopeful buyer,” Cohen said. “Our online system makes it simple to research and bid on a variety of properties across San Diego County.”
According to the county, anyone may bid during the online auction from March 13-18. Potential bidders must register before Thursday at the Treasurer-Tax Collector’s tax auction website, https://sdttc.mytaxsale.com/, and submit a refundable $1,000 deposit and a non-refundable $35 processing fee, which may be more for some parcels.
Cohen said the county could bring in $18.2 million in tax revenue “if all the properties are sold for the minimum bid.”
Officials said that for this year, the tax auction includes:
— 70 improved properties;
— 66 unimproved properties; and
— 550 timeshares.
Potential bidders who would like a deadline reminder via email reminder may sign up for e-notifications at www.sdttc.com/content/ttc/en/tax- collection/property-tax-sales.html?cid=taxauction2021.
County officials noted that all sales are final, and suggested interested buyers should research the process on the TTC website.
Those at risk of losing their property to default can avoid the auction process if they pay all taxes and fees before 5 p.m. on March 12, according to the county.
“Before the sale, every effort is made to contact the owners of these properties to notify them about the impending sale,” officials said.
–City News Service
