Laws, Regulations & Annotations
Property Taxes Law Guide – Revision 2017
Government Code Provisions
Provisions Relating to Property Tax Relief
DIVISION 4. FISCAL AFFAIRS
PART 1. FUNDS FOR SUBVENTIONS
Chapter 5. Payment of Postponed Property Taxes*
Article 1. Payments and Liens
16184. Reduction of obligation. The Controller shall reduce the amount of the obligation secured by the lien against the real property by the amount of any payments received for that purpose and by notification of any amounts paid by the Franchise Tax Board pursuant to Section 20564 or by any amounts authorized pursuant to subdivision (f) of Section 20621 of the Revenue and Taxation Code. The Controller shall also increase the amount of the obligation secured by the lien by the amount of any subsequent payments made pursuant to Section 16180 with respect to the real property and to reflect the accumulation of interest. All such increases and decreases shall be entered in the record described in Section 16181.
History.—Stats. 1980, Ch. 925, in effect September 18, 1980, substituted "any" for "notification by the Franchise Tax Board of" after "or by" in the first sentence. Stats. 1983, Ch. 1051, in effect January 1, 1984, added "or mobilehome" after "real property" in the first sentence.Stats. 2014, Ch. 703 (AB 2231), in effect September 28, 2014, deleted "or mobilehome" after "real property" in the first sentence and substituted "the" for "such" after "secured by" in the second sentence.
* Chapter 6 was enacted by Stats. 1977, Ch. 1242, in effect October 1, 1977, and was renumbered as Chapter 5 by Stats. 1982, Ch. 454, in effect January 1, 1983.