Laws, Regulations & Annotations
Property Taxes Law Guide – Revision 2013
Property Tax Annotations
460.0000 FULL CASH VALUE
460.0031 Tax Sales. The presumptions of full cash value under Revenue and Taxation Code section 110 do not apply to execution and/or foreclosure sales since these are forced sales and thus considered "non-market" transactions. Property Tax Rule 4(b) requires that existing debt encumbering a property, including delinquent payments on Mello-Roos bonds, be added to the stated purchase price in order to arrive at the actual consideration paid. C 3/26/1999.