Property Taxes Law Guide – Revision 2013
 

2801. State policy. It is hereby declared to be the policy of the state and the intent of this chapter to provide for:

(a) The satisfaction and removal of any lien secured to any parcel of real property appearing on the current roll.

(b) The payment of taxes on any parcel of real property separately from the whole assessment, if the parcel (1) is described in any duly executed and recorded deed, purchase contract, deed of trust, mortgage, or final decree of court; or (2) has a separate valuation on the current roll.

Note.—Stats. 1968, p. 2434, in effect November 13, 1968, provides that the enactment of said act is intended to expressly disapprove any interpretation of Smith v. Anderson, 67 Cal.2d 635, which would require an assessor to make a separate valuation of an undivided interest in property for current or future years.