Bill > AB418

This bill modifies the process for selling tax-defaulted property by requiring county boards of supervisors to conduct a public hearing before approving such a sale. The hearing must include specific notice requirements, including mailing details to the property's last known owner at least 45 days in advance, and must include information like the property description, proposed sale price, and hearing details. The board can only approve the sale if it finds that either the sale price is equal to or greater than the property's "tax sale value" (defined as the amount that could be realized at a public auction) or that the tax sale value is less than the amount needed to redeem the property. Property owners and interested parties have the right to appear at the hearing and present evidence about the property's value. The bill also establishes a judicial review process, allowing parties to challenge the board's decision by filing a petition in superior court within 45 days, and gives the court the power to vacate the decision if it was not supported by substantial evidence or if proper procedures were not followed. The bill acknowledges that these new requirements constitute a state-mandated local program and provides for potential state reimbursement of associated costs.

Budget and Finance, Justice

https://leginfo.legislature.ca.gov/faces/billStatusClient.xhtml?bill_id=202520260AB418