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LA County to improve system for selling tax-defaulted properties to nonprofit agencies

by City News Service • October 31, 2017

LOS ANGELES – The Los Angeles County Board of Supervisors voted Tuesday to create a more efficient system for selling tax-defaulted properties to nonprofit agencies, hoping to create more housing for low-income residents.

Supervisors Sheila Kuehl and Janice Hahn co-authored the motion, noting that the county is obliged under state law to auction off residential properties in tax default after five years — or after three years for commercial properties — and puts up several thousand parcels for sale each year.

Properties regularly sell at auction near or even above market value, according to the Treasurer-Tax Collector.

However, nonprofits who commit to use a property for the benefit of low- income residents or dedicate land for public use can circumvent an auction and buy properties for a minimum bid price that reflects the total of defaulted taxes, penalties and related fees.

Very few organizations take advantage of that provision of the tax code, according to the motion.

In the 12 months ended June 30, 2017, the Treasurer-Tax Collector’s office had received detailed applications from 14 nonprofits seeking to qualify to buy properties and only two properties were actually sold under the provision.

One issue may be a lack of information and the board’s vote cleared the way for creating a database of properties for would-be buyers.

The board also voted to support changes to state law that would allow nonprofits to develop mixed-use commercial and residential projects, something banned under current tax code.

Staffers will also look at whether the process of qualifying to buy properties is efficient and reasonable, without compromising the integrity of the process.

In 2006, reacting to nonprofit organizations trying to game the system by renovating properties and selling them for profit, the board put deed restrictions in place to prevent such sales and set up a system of tighter controls.

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Filed Under: Politics

4 comments for "LA County to improve system for selling tax-defaulted properties to nonprofit agencies"

  1. Julia says

    November 4, 2017 at 10:57 am

    … the county jacks up your property tax with over-assessments until it’s so high you can’t pay. Then, they foreclose, swipe your home right out from under you, throw you into the streets, and give your home to the corporations, who in-turn hand it over to the Mexicans, on a section-8 voucher. Soon enough, everything under 3 thousand square feet will be section-8, and real estate will be like horse racing, something only those with 8-figure incomes can afford –

  2. Dustin says

    November 3, 2017 at 11:47 am

    … number one problem here in America: bad government. An abomination of human rights, never should there ever be such a thing, as a tax default foreclosure on a principle residential property. Never should government materially benefit by the very act of its own contribution, to homelessness –

    • Sara says

      November 3, 2017 at 6:39 pm

      The corporations own county and city government. Though state and federal government earmark tax revenue to ameliorate homelessness, its all for naught, but for country government with its contrary objective, capitalizing by exacerbating homelessness, taxing R1 residential homeowners out of their homes, turning over residential property to the corporations. Ratchet effect, rolling out the red carpet for illegal immigrants jacks rent into the ionosphere, county and city government line their pockets collecting on both ends –

  3. H says

    October 31, 2017 at 6:51 pm

    I smell plenty of fraud.

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