The next tax-defaulted land sale is tentatively scheduled for October 2, 2013.
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Everything You Ever Wanted To Know About Tax Defaulted Land Sales
Prospective purchasers will be asked to register on the morning of the sale. Registration will include name and mailing address and may require identification as deemed necessary for the processing of auction documents. A $500.00 refundable deposit is required when you register (cash or cashier's check made payable to Placer County Tax Collector). Personal checks will not be accepted. Unsuccessful bidders will be refunded their deposit at the conclusion of the sale. Proper ID will be required at that time.
Each registered bidder will receive an identification number, which the bidder must have to participate. All parcels will be sold by item number and in the order listed. Minimum bids will be as stated per parcel and each raise will be in increments of at least $100 until sold.
All sales require full payment, which includes the transfer tax and recording fee. At the tax collector's discretion, purchases over $5,000 may be paid for on a credit payment plan, requiring ten percent of the bid or $5,000, whichever is greater, deposited at the time of the sale. The balance is payable in lawful money of the United States or negotiable paper, as specified by the tax collector, within a period specified by the tax collector, not to exceed 90 days from the date of the auction, as a condition precedent to the transfer of title to the purchaser. If the balance due is not paid within the period specified, THE DEPOSIT IS FORFEITED , along with all rights with respect to the property (§3693.1).
The descriptions given are based on the official records of the Placer County Assessor's Office and are presumed to be correct. The property to be sold may be approximately located from maps available for viewing in the Assessor's Office at 2980 Richardson Drive, 2nd Floor, Auburn, CA 95603. Parcel maps are also available online at Assessor Maps Please contact the Assessor's Office at (530) 889-4300, for more information.
The right of the former owner to redeem any parcel is forfeited at 5:00 p.m. on the last business day prior to the sale. Properties removed from the sale may be obtained by calling (530) 889-4120 or by visiting this website. In addition, properties removed from the sale will be announced at the beginning of the sale.
Prospective purchasers are urged to examine the title, location and desirability of the properties available to their own satisfaction prior to the sale. ALL PROPERTIES ARE SOLD AS IS. The County of Placer makes no guarantee, expressed or implied, relative to the title, location or condition of the properties for sale. All property taxes currently due will be paid from the proceeds of the sale.
PLEASE NOTE: PROSPECTIVE PURCHASERS ARE ADVISED THAT SOME BONDS OR OTHER ASSESSMENTS WHICH ARE LEVIED BY AGENCIES OR OFFICES OTHER THAN THE TREASURER-TAX COLLECTOR MAY STILL BE OUTSTANDING AFTER THE TAX SALE; IN ADDITION, THE I.R.S. HAS THE OPTION OF REDEEMING, UP UNTIL 120 DAYS AFTER THE SALE, ANY PROPERTY ON WHICH THERE IS AN I.R.S. LIEN RECORDED.
The successful bidder may take possession of the property after the tax deed to purchaser has been recorded. Most title companies will not insure title on properties sold at public auction for at least one (1) year after the tax deed has been recorded. Legal action to challenge a tax sale must be commenced within one (1) year of the tax deed recording date.
ALL SALES ARE FINAL.
Title is vested in the name of the actual purchaser. If title is to be vested differently, we require a notarized letter from the individual for whom you are acting as an agent, stating the manner in which title is to be vested. The recorded tax deed will be mailed to the purchaser after consummation of the sale and usually within four to six weeks. This deed conveys all rights, title, and interest to the property in accordance with the provisions of Revenue and Taxation Code section 3712.
A California documentary transfer tax will be added to, and collected with, the full purchase price. This tax is calculated at the rate of $.55 for each $500.00 or fractional part thereof, if the purchase price exceeds $100.00.
Payment in full by cash or cashier's check will be required at the time of sale. All cashier's checks must be made payable to the Placer County Tax Collector. No personal checks will be accepted. Payments in excess of the purchase price will be refunded by mail within 30 days.
The following banks are within close proximity to the sale location:
- Bank of America - 2885 Bell Road, (530) 888-5811
- Golden 1 - 2248 Grass Valley Highway, (877) 465-3361
- Umpqua Bank - 11795 Atwood Road, (530) 889-3726
- Union Bank of California - 874 Lincoln Way, (530) 885-3701
- US Bank - 2360 Grass Valley Hwy, (530) 889-3959
- Chase - 2520 Grass Valley Highway, (530) 823-6157
- Wells Fargo Bank - 2995 Grass Valley Hwy, (530) 888-2893
- West America Bank - 424 Grass Valley Highway, (530) 888-3747
FAILURE ON THE PART OF THE SUCCESSFUL BIDDER TO CONSUMMATE THE SALE WITHIN THE SPECIFIED TIME SHALL RESULT IN THE FORFEITURE OF THE DEPOSIT MADE AND ALL RIGHTS THAT THE PURCHASER MAY HAVE HAD WITH RESPECT TO THE PROPERTY.
Anyone wishing to monitor the tax-defaulted land sale process will find all the information necessary on our website. When a sale is approved by the Board of Supervisors, the list will be available at: http://www.placer.ca.gov/Tax/LandSale/Properties.aspx
Parcel maps and assessment information can be viewed and downloaded at: http://www.placer.ca.gov/Assessor/Assessment%20Inquiry.aspx
Statewide information on upcoming sales is available at the State Controller’s website at http://www.sco.ca.gov/ardtax_public_auction.html
Please feel free to contact our office in any of the following ways:
Telephone: 530-889-4129 or 4109
Email at taxcollector@placer.ca.gov
At our front desk at 2976 Richardson Drive, 2nd Floor, in Auburn, California.
Mail inquiries to Placer County Tax Collector, 2976 Richardson Dr., Auburn, CA 95603.