How Shasta County, California Conducts Tax Sales

Shasta County, California, conducts annual tax-defaulted property auctions to recover unpaid property taxes. These sales provide opportunities for investors to acquire property ies and help the county recoup delinquent taxes. Below is a detailed guide on how these tax sales are conducted:

Auction Details

1. Platform: Auctions are held online through Bid4Assets, a platform specializing in tax-defaulted property sales.
2. Timing: Check out our Auction Calendar for the next scheduled auctions.
3. Registration Deadline: Prospective bidders must register before the deadline.

Registration and Deposit

Deposit Requirement: A refundable deposit of $5,000, plus a $35 non-refundable processing fee, is required to participate. You must submit deposits before the deadline.

Process: You complete registration and submit your deposit online through the Bid4Assets platform.

Bidding Process

Minimum Bids: Each property has a minimum bid amount, which includes delinquent taxes, penalties, and sale costs.

Bidding Period: Bidders can place bids during the auction’s designated time frame.

Payment and Settlement

1. Payment Deadline:
   
   Winning bidders must make full payment within three days after the auction concludes.
2. Payment Methods:
   
   Accepted methods include wire transfers and certified checks. They do not accept personal checks or credit cards.
3. Additional Fees:
   
   A California documentary transfer tax of $0.55 per $500 of the purchase price applies to all sales.

Property Transfer

Process: Once payment is received, the Tax Deed to Purchaser is submitted to the Shasta County Recorder within ten business days. After recording, the system holds the deed for 30 days before mailing it to the new owner.

Key Considerations

Due Diligence: Bidders are responsible for thoroughly researching properties, verifying property details, and understanding potential liabilities. The county does not guarantee the condition of the properties or their compliance with zoning, permits, or codes.

Right of Redemption: Property owners can redeem their properties by paying delinquent taxes before 5:00 PM on the last business day prior to the auction. Properties redeemed or withdrawn before the sale will not appear at auction.

Postponement or Cancellation: The Tax Collector reserves the right to postpone or cancel any property sale at any time before issuing the deed.

Useful Links

• Auction Calendar
• Unlock Incredible Savings on California Properties with Tax Deed Auctions!
• Discover the intriguing world of Hybrid Auctions
• Discover Tax Deeds and how you can find property for as little as $50! 
• Want to get started with Tax Liens? Click Here!
• Learn how to buy California real estate at a fraction of the cost.

Need Assistance?

Check out the Shasta County Tax Collector’s website for information on upcoming auctions. You can also go to our Auction Calendar for more upcoming Auctions. If you have questions about participating in tax sales or need guidance, consider booking a call with us. Additionally, explore free resources online to find tips for making informed investments and answers to your questions.

Sign up or log in to view the full content.