For properties which disposition is made in any other manner, the sum of either (a) the full value of the property as shown on the most recent tax roll, (b) the amount of an appraisal made on or after the date which the County took title, or (c) the full value of the property as of the date of the transfer of title as determined by such other valuation method as the enforcing officer reasonably determines will result in just compensation to the former owner and other parties whose interests were extinguished by the foreclosure, minus the total amount of taxes due plus interest, penalties, and other charges, as defined by §
1102 of the Real Property Tax Law.
For purposes of this subsection, "disposition" shall mean the date which the real property was sold at public auction or the date on which legislation was introduced to the County Legislature which, if approved, would authorize conveyance or transfer of the real property by any means other than public auction.
In the event surplus is available for distribution and the Applicants or any of them have not already made an application in writing to the Division for a distribution prior to the County's disposition of the real property, the Commissioner or his or her designee shall make reasonable efforts to notify the Applicants, in writing, at their address(es) of record for taxing purposes on file with the Suffolk County Comptroller, their address(es) noted in a title report or other document evidencing the Applicant's prior interest in the real property, or if the Division is notified of a different accurate and current address, at that address, of their right to make an application for a distribution of surplus. Such notice shall be sent by the Division promptly following any disposition and shall state that the Applicant must make an application under this section within 120 days from the date of delivery of the notice or their receipt of the notice, whichever is sooner. To increase the likelihood of notice to otherwise unreachable Applicants, the Commissioner or their designee shall also cause to be published on the County's website for a period of at least 90 days following the County's disposition of the real property, a list of real property with respect to which Applicants may be able to claim surplus. Such list shall include, at a minimum, a link to the County's application for surplus, contact information for a County representative concerning applications for surplus, and the following information concerning each parcel of real property to which the County of Suffolk acquires an interest pursuant to the provisions of the Suffolk County Tax Act for nonpayment of delinquent taxes: street address, Suffolk County Tax Map identification number, and date of recording of the County's tax deed. The Commissioner is hereby authorized and empowered to promulgate rules and regulations to govern the application process.