Laws, Regulations & Annotations

Property Taxes Law Guide – Revision 2014
 

Revenue and Taxation Code

Property Taxation

Part 5. Collection of Taxes

CHAPTER 4. Collection on the Unsecured Roll

Article 2. Seizure and Sale*

Section 2961

2961. Excess proceeds. Any excess in the proceeds of the sale over the taxes, penalties, and costs shall be returned to the owner of the property. Until claimed the excess shall be deposited in the county treasury, subject to the order of the owner or his successor in interest. Any excess in the proceeds of any sale heretofore or hereafter made becomes the property of the county if not claimed within three years after the date of sale.

History.—Stats. 1957, p. 768, in effect September 11, 1957, deleted "or six months after the effective date of Section 3795.3 of the Political Code, whichever is the later" from end of last sentence. Stats. 1974, Ch. 908, p. 1916, in effect January 1, 1975, renumbered the section which was formerly numbered 2919.

* Unless otherwise noted all the sections under Article 2 were enacted by Stats. 1974, Ch. 908, p. 1915, in effect January 1, 1975.