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File #: 19-1349    Version: 1 Name:
Type: Informational Report Status: Passed
File created: 9/11/2019 In control: Auditor-Controller
On agenda: 10/15/2019 Final action: 10/15/2019
Title: Distribution of Excess Proceeds from Tax Auction of March 2018
Attachments: 1. Staff Report, 2. Attachment A - Recommended Distribution of Excess Proceeds.pdf
To: Board of Supervisors

From: Auditor/Controller

Agenda Section: Consent

Distribution of Excess Proceeds from Tax Auction of March 2018

That the Board of Supervisors:
1. Approve the distribution of excess proceeds resulting from the March 2018 public auction of parcels listed on Attachment A to the claimants and in the amounts listed for each parcel.

Excess proceeds from the tax auction of March 2018 held in fund 3680 - Delinquent Tax Sales Trust

During March 2018, the Humboldt County Treasurer-Tax Collector's Office sold a number of delinquent property tax parcels using an internet-based public auction website. The date of recordation of the last tax deeds for this auction was March 23, 2018. Some of the parcels sold for more than the amount required to pay the parcel's back taxes and the share of the cost in preparing for and conducting the auction. This excess of sales price over taxes and expenses is referred to as excess proceeds and is available in priority to: (1) claimants who have a recorded lien against the property with priority given to the earliest recorded lien; and (2) the last owner(s), or assessee(s), prior to the sale. These claimants, or parties of interest, have one (1) year from the date of the recordation of the tax deed to the purchaser to file a claim for excess proceeds.

The Humboldt County Auditor-Controller's Office has completed a review of the claims for excess proceeds corresponding to the March 23, 2018 recordation date and has presented a recommended distribution in Attachment A.

Upon the Board's approval of this distribution schedule, the proceeds will be held an additional ninety (90) days to allow for protests or competing claims.

The claims currently recommended for payment represent One Hundred Fifty-Five Thousand Six Dollars and Forty-Four Cents ($155,006.44) of excess proceeds from the Marc...

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