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Stanislaus County Treasurer/Tax Collector's |
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General Terms and Conditions Properties in Stanislaus County that are subject to sale at public auction for non-payment of property taxes must be offered for sale within two years of the time the property becomes subject to the Treasurer/Tax Collector's power to sell (Revenue and taxation Code Section 3692). The Treasurer/Tax Collector is responsible for the administration of these sales. Mailed or sealed bids cannot be accepted for this oral, public auction sale. You or your agent must be present at the auction to bid on the properties. The right of redemption on a parcel ceases at 5:00 p.m. on the last business day prior to the sale.
After each parcel is offered, the successful bidder must pay the full purchase price to the Treasurer/Tax Collector. The Documentary Stamp Act requires the payment of a "Transfer Tax" at the rate of .55 cents for each $500 or fractional part thereof when the bid exceeds $100. The transfer tax will be collected at the time the purchase price is paid in full. There are no refunds on any purchase.
The successful bidder may take possession of a property after the Tax Deed to Purchaser has been recorded. However, most title companies will not insure the title until one year after the tax sale deed is recorded. Quiet Title action may be needed. Legal action to challenge a tax sale must be brought within one year of recording the tax deed. The Tax Deed to Purchaser conveys title free of all encumbrances of any kind existing before the sale with the following exceptions:
Deeds will be recorded and mailed within the four to six weeks after the sale to the successful bidders. * Note: The County assumes no liability for any other possible liens, encumbrances or easements, recorded or not recorded. When property is sold at Public Auction on which the IRS holds a tax liens, the United States has the right of redemption for 120 days from the date of such sale (26 USC §§ 3712(g) and 7425(d)). The IRS will pay the actual amount paid for the property by the bidder, plus interest at 6% per annum from the date of sale, plus the expense of sale that exceed any income received from the property. |