Laws, Regulations & Annotations

Property Taxes Law Guide – Revision 2012

Revenue and Taxation Code

Property Taxation

Part 8. Distribution

CHAPTER 1.3. Distribution of Proceeds From Sale of Tax-Deeded Property

Section 4672.1

4672.1. Distribution to county for cost of sale. (a) There shall be distributed to the county general fund to reimburse the county for the cost of conducting the sale one hundred fifty dollars ($150) for all or any portion of each separately valued parcel of real property subject to a power of sale pursuant to Section 3691 and sold to private parties or to a taxing agency.

(b) The one hundred fifty dollars ($150) required to be distributed pursuant to subdivision (a), shall be paid from the total proceeds of the sale only after satisfaction of the amount specified in Section 4672. If the amount of proceeds from the sale is insufficient, the one hundred fifty dollars ($150) shall be reduced accordingly.

History.—Added by Stats. 1976, Ch. 113, p. 175, in effect January 1, 1977. Stats. 1978, Ch. 430, in effect January 1, 1979, in the second sentence deleted the words "a pro rata division agreement" and replaced them with "an agreement requiring that the taxing agency resell the property". Stats. 1985, Ch. 316, effective January 1, 1986, substituted "subject to . . . Section 3691" for "deeded to the state" after "property" in the first paragraph, and substituted "the" for "such" after "If" in the second sentence of the third paragraph. Amended by Stats. 2004, Ch. 407 (SB 1831), in effect January 1, 2005.