Sale of Tax Certificates

Cal. RTC § 4524

California Statutes

(

a) Upon the receipt by the tax collector of the entire amount of the taxes, assessments, and assigned penalties assigned by a tax certificate, the tax collector shall pay that amount to the holder of the tax certificate, cancel the tax certificate, and enter the fact of the cancellation in the tax certificate record opposite the entry of the sale of the tax certificate. The tax collector shall make the payments from amounts it receives of those taxes, assessments, and assigned penalties, whether those amounts are received by the tax collector by payment of those amounts, by redemption pursuant to

Part 7 (commencing with

Section 4101), by sale of the parcel pursuant to

Chapter 2 (commencing with

Section 3436) of

Part 6, or otherwise. (

b) If, pursuant to

Section 2636, 2708, 2772, or or otherwise, the tax collector receives only an installment or portion of the amounts in respect of the taxes, assessments, and assigned penalties (or interest in the case of an installment plan of redemption) assigned by a tax certificate, the tax collector shall pay that amount to the holder of the tax certificate and make a corresponding adjustment to the amounts set forth in the tax certificate and the tax certificate record. (

c) If, pursuant to

Chapter 3 (commencing with

Section 2801) of Part or

Chapter 2 (commencing with

Section 4131) of

Part 7, part of an assessment of tax on a parcel specified in a tax certificate is paid or redeemed, the tax collector shall pay to the holder of the tax certificate that portion of the payments relating to the amounts assigned under the tax certificate and shall adjust the information in the tax certificate and the tax certificate record accordingly. (

d) Any amount collected shall be first applied to the oldest outstanding certificate. The taxpayer shall still be considered delinquent with respect to any unredeemed certificate on that property. (

e) Notwithstanding any other provision of law, any partial payment with respect to a tax certificate, including annual payments from installment plan of redemption, shall be applied to the monthly penalty (or interest in the case of an installment plan of redemption) amount first. (

f) This

section shall apply notwithstanding any other provision of

Chapter 1C (commencing with

Section 4656) or

Chapter 1.3 (commencing with

Section 4671) of Part or any other provision of this code to the contrary.

Document details

CollectionCalifornia Statutes
CitationCal. RTC § 4524
Date1997-01-01
Typestatute
Languageen
SourceCA_STAT
IdentifierRTC4524.19966996

Sale of Tax Certificates

Cal. RTC § 4524

California Statutes

Sale of Tax Certificates

Cal. RTC § 4524

California Statutes

(

a) Upon the receipt by the tax collector of the entire amount of the taxes, assessments, and assigned penalties assigned by a tax certificate, the tax collector shall pay that amount to the holder of the tax certificate, cancel the tax certificate, and enter the fact of the cancellation in the tax certificate record opposite the entry of the sale of the tax certificate. The tax collector shall make the payments from amounts it receives of those taxes, assessments, and assigned penalties, whether those amounts are received by the tax collector by payment of those amounts, by redemption pursuant to

Part 7 (commencing with

Section 4101), by sale of the parcel pursuant to

Chapter 2 (commencing with

Section 3436) of

Part 6, or otherwise. (

b) If, pursuant to

Section 2636, 2708, 2772, or or otherwise, the tax collector receives only an installment or portion of the amounts in respect of the taxes, assessments, and assigned penalties (or interest in the case of an installment plan of redemption) assigned by a tax certificate, the tax collector shall pay that amount to the holder of the tax certificate and make a corresponding adjustment to the amounts set forth in the tax certificate and the tax certificate record. (

c) If, pursuant to

Chapter 3 (commencing with

Section 2801) of Part or

Chapter 2 (commencing with

Section 4131) of

Part 7, part of an assessment of tax on a parcel specified in a tax certificate is paid or redeemed, the tax collector shall pay to the holder of the tax certificate that portion of the payments relating to the amounts assigned under the tax certificate and shall adjust the information in the tax certificate and the tax certificate record accordingly. (

d) Any amount collected shall be first applied to the oldest outstanding certificate. The taxpayer shall still be considered delinquent with respect to any unredeemed certificate on that property. (

e) Notwithstanding any other provision of law, any partial payment with respect to a tax certificate, including annual payments from installment plan of redemption, shall be applied to the monthly penalty (or interest in the case of an installment plan of redemption) amount first. (

f) This

section shall apply notwithstanding any other provision of

Chapter 1C (commencing with

Section 4656) or

Chapter 1.3 (commencing with

Section 4671) of Part or any other provision of this code to the contrary.

Document details

CollectionCalifornia Statutes
CitationCal. RTC § 4524
Date1997-01-01
Typestatute
Languageen
SourceCA_STAT
IdentifierRTC4524.19966996
Sale of Tax Certificates | CaseLite