Laws, Regulations & Annotations

Property Taxes Law Guide – Revision 2010
 

Revenue and Taxation Code

Property Taxation

Part 9. Corrections, Cancellations, and Refunds

Chapter 5. Refunds

Article 1. Refunds Generally

Section 5104

5104. Reduction in value refunds; payee. Any refund of taxes or assessments authorized pursuant to this article as a result of a reduction in the value of taxable property or as a result of corrections to the roll or cancellations after taxes or assessments were paid, may be paid to the latest recorded owner of that property as shown on the tax roll, rather than to the individual or entity who paid the amount of tax or assessment to be refunded, if both of the following conditions are met:

(a) There has been no transfer of the property during or since the fiscal year for which the taxes subject to refund were levied.

(b) The amount of the refund is less than five thousand dollars ($5,000).

History.—Added by Stats. 1996, Ch. 346, in effect January 1, 1997. Stats. 2003, Ch. 199 (SB 1063), in effect January 1, 2004, added "or assessments" after "refund of taxes", added "or as the result of corrections to the roll or cancellations after taxes or assessments were paid," after "of taxable property", and added "or assessment" after "amount of tax" in the first sentence of the first paragraph, and designated former subsections (1) and (2) as subsections (a) and (b), respectively, therein.