D.C. Mun. Regs. tit. 9, r. 9-319

Current through Register Vol. 71, No. 50, December 13, 2024

Rule 9-319 - SPECIAL DEED TAX SALE

319.1

At the discretion of the Chief Financial Officer, any or all real properties bid back from a real property tax sale pursuant to § 47-1346 of the D.C. Official Code may be subject to sale pursuant to § 47-1353(a)(1) of the D.C. Official Code. This sale shall not provide for any reduction of taxes owed. The Office of Tax and Revenue (OTR), in its discretion, may exclude one or more bid back real properties from the portfolio of properties offered for sale. Nothing in this section shall be construed to limit the use of other processes to sell bid backs as permitted by law, including sales to the District or an instrumentality thereof, to a non-profit, or at a discount sale.

319.2

Bid back real properties may be sold:

(a) On a one-by-one, first-come first-served basis.

(1) OTR may publish a list of bid backs for sale to OTR's Web site, as well as the date of the sale;

(2) When sold on a one-by-one, first-come first-served basis, a purchaser shall have first registered for the sale; registration begins when the sale begins, and purchasers will be registered in order of arrival time based on the time the purchaser signs- in with OTR security, provided that purchaser is actively pursuing completion of the sale and processes the required documents and full payment;

(3) Required documentation shall include a copy of the purchaser's Treasury Form W-9, a completed Form FR-500 (Combined Business Tax Registration Application) and a Buyer Registration form;

(4) Full payment of the purchase price must be received at the time of registration in the form of cash, certified check, cashier's check or USPS money order payable to the D.C. Treasurer;

(5) Certificates of sale shall be mailed to the successful purchaser.

D.C. Mun. Regs. tit. 9, r. 9-319

Source: Notice of Final Rulemaking published at 57 DCR 11618 (December 3, 2010); as amended by Notice of Final Rulemaking published at 58 DCR 2839 (April 1, 2011); amended by Final Rulemaking published at 62 DCR 14090 (10/30/2015); amended by Final Rulemaking published at 63 DCR 014858 (12/2/2016)

Authority: The Office of Tax and Revenue (OTR), pursuant to the authority set forth in D.C. Official Code § 47-1335 (2001), Section 201(a) of the 2005 District of Columbia Omnibus Authorization Act, approved October 16, 2006 (120 Stat. 2019; P.L. 109-356, D.C. Official Code § 1-204.24 d(9), (10) (Supp. 2009)) of the Home Rule Act, and the Office of the Chief Financial Officer Financial Management and Control Order No. 00-5, effective June 7, 2000.