What are the conditions of payment for property at the Tax Sale?
Property purchased for less than $50,000 must be PAID FOR IN FULL at the tax sale. The minimum bid must be tendered at time of sale in CASH, CASHIERS CHECK OR BANK MONEY ORDERS payable to the Contra Costa County Tax Collector. Cash and personal checks will be accepted for amounts over the minimum bid. If the purchase price is $50,000 or greater, a partial payment will be accepted. The purchaser must deposit $50,000 in cash, cashiers check, or money order, the remainder may be paid with a personal check or put on a deferred payment plan due within 90 days. The transaction MUST be completed with 90 days. Failure to complete the transaction in full and on time will result in forfeiture of all deposits. Purchasers of property at the tax sale must also pay a Documentary Transfer Tax on the amount of the bid. The tax is based on the rate of $.55 for each $500 or fractional part of each $500 when the bid exceeds $100. Purchasers of property within the city of Richmond must also pay a City Tra
Property purchased for less than $50,000 must be PAID FOR IN FULL at the tax sale. The minimum bid must be tendered at time of sale in CASH, CASHIER’S CHECK OR BANK MONEY ORDERS payable to the Contra Costa County Tax Collector. Cash and personal checks will be accepted for amounts over the minimum bid. If the purchase price is $50,000 or greater, a partial payment will be accepted. The purchaser must deposit $50,000 in cash, cashier’s check, or money order, the remainder may be paid with a personal check or put on a deferred payment plan due within 90 days. The transaction MUST be completed with 90 days. Failure to complete the transaction in full and on time will result in forfeiture of all deposits. Purchasers of property at the tax sale must also pay a Documentary Transfer Tax on the amount of the bid. The tax is based on the rate of $.55 for each $500 or fractional part of each $500 when the bid exceeds $100. Purchasers of property within the city of Richmond must also pay a City T
