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HomeMy WebLinkAboutMINUTES - 05172005 - C37 r r i Contra TO: BOARD OF SUPERVISORS - is e ! _ t William J. Pollacek, Treasurer-Tax Collector a; ... r:� � ���:'�- Costa FROM: Xf DATE: May 17, 2005 c6b County SUBJECT: Resolution to Apply Five-Year Time Period for Tax Defaulted Non- Residential commercial Property e.,3 7 SPECIFIC REQUEST(S)OR RECOMMENDATION(S)&BACKGROUND AND JUSTIFICATION RECOMMENDATION: Irl APPROVE the resolution to retain the five-year time period for tax defaulted non-residential commercial ro ert , pursuant to AB 2144, an act to amend Sections 3361, 3362, 3591, 3691.2, p p Y 3791, 3791.31 3792, and 4217 of the California State Revenue and Taxation Code, relating to property taxation. FISCAL IMPACT: None BACKGROUND/REASON (S) FOR RECOMMENDATION (SI: State Assembly Bill (AB) 2144 creates a new category of property, called "nonresidential commercial property", as defined in the statute. This property would become subject to a power of sale three (3) years after tax default, rather than the previous five (5) year period following tax default. Under the lawp rior to AB 2144, all property on the roll became subject to power of sale five (5) years after tax default. The new statute creates two different classes of property with different power-of-sale periods, and applies to property that becomes tax defaulted on or'after January 1, 2005. The bill specifically des that the Board of Supervisors may elect to retain the five (5) year period for all p Yprovi properties, which is the purpose of this board order and resolution. The tax collector has several statutory duties when a property becomes subject to a power of sale, including the duty to make several notices and filings, and to attempt to sell the property within four ears of the power of sale. However, County tax records do not distinguish between properties as defined in AB 2144, and could not be made to do so without significant upgrades requiring substantial time and money. Approval of this resolution and board order would eliminate the need to upgrade the Assessor's records by continuing the current practice. WJP.AG.mb CONTINUED ON ATTACHMENT: _---~'FYES SIGNATURE: RECOMMENDATION OF COUNTY ADMINISTRATOR RECOMMENDATIQNo6F BOARD COMMITTEE APPROVE OTHER SIGNATURE(S): ACTION OF BO ON MAY 179 2005 APPROVED AS RECOMMENDED XX OTHER ��I ILII. VOTE OF SUPERVISORS I HEREBY CERTIFY THAT THIS IS A TRUE AND CORRECT COPY OF AN ACTION TAKEN AND ENTERED ON MINUTES OF THE BOARD OF SUPERVISORS ON THE DATE SHOWN. XX UNANIMOUS(ABSENT NONE ) AYES: NOES: ABSENT: ABSTAIN: Contact: Cc: Treasurer-Tax Collector's Office ATTESTED MAY 171 2005 JOHN SWEETEN,CLERK OF THE BOARD OFSUPERVISORS AND COUNTY ADMINISTRATOR BY: ,DEPUTY RESOLUTION NO. 2005/302 Contra Costa County Administration Building, Martinez, California DATE: MAY 17, 2005 A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE COUNTY OF CONTRA COSTA APPLY FIVE-YEAR TIME PERIOD FOR TAX-DEFAULTED NON-RESIDENTIAL COMMERICAL PROPERTY WHEREAS. Assembly Bill 2144 (Stats 2004, chapter 944, section 3.5), which became effective January 1, 2005, amends California Revenue and Taxation Code section 3691 to allow for a three (3) year period after which non-residential commercial property may be sold for which is shorter than the previously required period of five(5)years; and default of taxes, I& WHEREAS, Assembly Bill 2144 allows a County to elect by ordinance or resolution to opt out of the three-year default period and continue the five-year default period non- residential commercial property,retaining the current practice; and WHEREAS, the previous time period for which any property could be in default of its taxes prior to the power of sale was a uniform five (5) years, and this legislation allows a split roll by allowing a three(3)year period for some properties and a five(5)year period for others; and WHEREAS,the Assessor's Roll does not currently distinguish between the different kinds of property subject to the two default periods; and WHEREAS, the Assessor's Roll would have to be enhanced to provide this information to the Tax Collector, at possibly considerable cost to the County general fund; NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE COUNTY OF CONTRA COSTA AS FOLLOWS: Section 1. The above recitals are true and correct. Section 2. The Board hereby approves the continuation of the five-year period for tax-defaulted non-residential commercial property in accordance with California Revenue and Taxation Code section 3691(a)(1)(B). Section 3. This resolution shall apply to property that becomes tax defaulted on or after January 1,2005. SUPERVISORS: I hereby certify that this is a true and correct Ayes 5-0 Noes NONE Abstain Absent copy of an action taken and entered on the minutes of the Board of Supervisors on the SO ORDERED date shown. MAY 1Z. 2005 ATTESTED: JOHN SWEETEN, Clerk of the Board Of Supery ors and County Administrator RESOLUTION NO. 2005/302 B O's "U y Deputy