Home Publications Guides, Manuals, and Reference Materials County Tax Collectors' Reference Manual (2012) Chapter 2000 Unsecured Tax Collections 2430-2432 Delinquent Payment Enforcement: Property Seizure and Sale – Post-Sale Process

2430-2432 Delinquent Payment Enforcement: Property Seizure and Sale – Post-Sale Process

2430. UNSOLD PROPERTY
The unsold portion of any seized property may be left at the place of sale at the risk of the owner (Rev. & Tax. Code §2962). Nevertheless, the property owner should be notified in order to safeguard or reclaim the property.

2431. DEPOSIT OF PROCEEDS
The portion representing taxes and penalties is apportioned like other receipts on the unsecured roll.

That portion of the costs representing keeper's fees should be credited to a trust fund, against which warrants may be drawn for paying keepers. The balance of the costs specified in Revenue and Taxation Code section 2958 is deposited in the county general fund.

2432. EXCESS PROCEEDS
Proceeds of the sale in excess of taxes, penalties, and costs are credited to the property owner and deposited in the county treasury. If not claimed within three years after the date of sale, such proceeds revert to the county (Rev. & Tax. Code §2961).