Laws, Regulations & Annotations

Property Taxes Law Guide – Revision 2013
 

Revenue and Taxation Code

Property Taxation

Part 6. Tax Sales

Chapter 8. Deed to State, County or Public Agencies

Article 1. General Provisions

Section 3776

3776. Deposit into tax certificate redemption fund. Notwithstanding anything to the contrary, no parcel for which a tax certificate has been sold and not canceled shall be sold or deeded to any taxing agency unless the taxing agency deposits into the applicable tax certificate redemption fund, held by the tax collector, the total amount required to be paid to the holder of the tax certificate pursuant to Section 4527.

History.—Added by Stats. 1995, Ch. 189, in effect July 24, 1995. Stats. 1996, Ch. 699, in effect January 1, 1997, substituted "Notwithstanding" for "(a) Except as provided in subdivision (b), notwithstanding", and substituted "fund, held by the tax collector, the total amount" for "fund the amount" in the first sentence; and deleted former subdivision (b) which provided "(b) A parcel for which a tax certificate has been sold and not canceled may be sold to any governmental entity for a public use if that entity pays the amount owed to the holder of the tax certificate at the time of the sale." .