Each year, on or before June 8th, the county tax collector publishes a list of tax delinquent San Diego, California real estate. This is his or her "notice of intent to sell" all such properties on which the property taxes have not been paid for one year. Strictly speaking, this is not a true sale, but is a formality that starts a five year redemption period. If the property is not redeemed within five years, it will be deeded over to the state.

Real estate may be redeemed upon the payment of taxes, interest, costs and redemption penalties. The tax collector gives a receipt called a "certificate of redemption" as evidence of payment. If the owner cannot pay for all past due taxes and costs at once, he or she may pay them in five annual installment payments, providing all current taxes are paid.

If taxes are not paid on or before June 30s, the property is sold to the state. This sale starts the running of the redemption period which is five years.

Second sale (after five years)

After five years, if the property has not been redeemed, the delinquent property is deeded to the state. This is the official sale, and the former owner may now only redeem the property if the state has not sold the property at public auction.

Although property taxes are not paid, an owner can remain in possession and could redeem for 5 years.

Sale to the public

The county tax collector will sell the state-owned real estate to other taxing agencies or to the highest bidder at a public tax auction. The minimum bid is established by the tax collector and approved by the county board of supervisors. All such sales are for cash at the time of the sale. The purchaser then receives a tax deed. Most title insurance companies will insure the tax deed sale after one year has elapsed. But, if any difficulties are encountered, the buyer may clear title through a "quiet title" court action.

More

Client Services | Real Estate Info | Buyer/Seller Tips | Resource Center
Home | Property Search | Loan Approval | Your Home's Value | Local Schools | Site Map | Contact Us

Privacy Policy | Copyright © 2010 www.sandiegohomes-mls.com. All rights reserved.