Minimum Bids
The following are guidelines used in determining the minimum bid for the properties offered for sale:
The minimum price at which property may be offered for sale pursuant to Section 3698.5 of the California Revenue and Taxation Code shall be an amount not less than the total amount necessary to redeem, plus costs.
The "total amount necessary to redeem" is the sum of the following:
- The amount of defaulted taxes
- Delinquent penalties and cost
- Redemption penalties
- A redemption fee
- Costs as described in the Revenue and Taxation Code
Section 4112(a)(b)
A fee in an amount reasonably necessary to reimburse the tax collector shall be distributed to the general fund to reimburse the county for its cost of obtaining names and last known mailing addresses of and for mailing notices required by Section 3701, to parties of interest.
Section 4672
There shall be distributed to the State of California, to be placed in the General Fund, one dollar and fifty cents ($1.50) for all or any portion of each separately valued parcel of real property.
Section 4672.1
There shall be distributed to the county general fund to reimburse the county for the cost of conducting the sale, one hundred fifty dollars ($150) for all or any portion of each separately valued parcel of real property.
Section 4672.2
There shall be distributed to the county general fund to reimburse the county for the cost of giving notice $35.
Section 4673
Amounts to reimburse the county for the cost of advertising sales of tax-defaulted property shall be distributed to the county general fund.
