Laws, Regulations & Annotations

Property Taxes Law Guide – Revision 2018

Property Tax Annotations

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Annotation 220.0030

220.0030 California Department of Veteran Affairs. When property is sold to a veteran by the Department of Veterans Affairs, the Department holds legal title as security for the payment of the purchase price, but beneficial title is in the veteran and the property is subject to property tax. If the veteran breaches the contract and the property is repossessed by the Department, there is a change in ownership but the property becomes exempt. C 2/27/1985.