Laws, Regulations & Annotations

Property Taxes Law Guide – Revision 2013
 

Revenue and Taxation Code

Property Taxation

Part 7. Redemption

Chapter 3. Redemption After Payment of Delinquent Taxes in Installments

Article 2. Permanent Installment Plan

Section 4221

4221. Succeeding amounts. In each succeeding fiscal year the redemptioner shall pay, before the delinquency date of the last installment of current taxes, the sum of the following:

(a) That amount which is computed to be not less than the difference between the amounts previously paid under the provisions of this article, excepting amounts paid as interest, and

(1) 40 percent of the redemption amount when the payment is made during or prior to the first fiscal year following the year in which election was made to pay delinquent taxes in installments.

(2) 60 percent of the redemption amount when the payment is made during or prior to the second fiscal year following the year in which election was made to pay delinquent taxes in installments.

(3) 80 percent of the redemption amount when the payment is made during or prior to the third fiscal year following the year in which election was made to pay delinquent taxes in installments.

(4) 100 percent of the redemption amount when the payment is made during or prior to the fourth fiscal year following the year in which election was made to pay delinquent taxes in installments.

(b) On parcels tax defaulted prior to June 15, 1974, interest shall be computed at the rate of percent per month accruing on the first day of each month following the preceding payment, on the balance of the redemption amount.

(c) On parcels tax defaulted on and after June 15, 1974, interest shall be computed at the rate of 1 percent per month accruing on the first day of each month following the preceding payment, on the balance of the redemption amount.

(d) On parcels tax defaulted on and after June 15, 1982, interest shall be computed at the rate of 1 percent per month accruing on the first day of each month following the preceding payment, on the balance of the redemption amount.

Payments made under this section shall be computed and paid in the same manner as a redemption, and the receipts for those payments shall show that the payments are for the use of the real estate under this plan for payment of delinquent taxes in installments.

History.—Added by Stats. 1968, p. 1527, in effect November 13, 1968. Stats. 1973, Ch. 152, p. 450, in effect January 1, 1974, substituted "On parcels sold to the state prior to June 15, 1974, interest shall be computed" for "Interest, computed" in subdivision (b); added subdivision (c); and added "made" after "Payments" in the first sentence of the second paragraph. Stats. 1981, Ch. 366, in effect January 1, 1982, added subdivision (d). Stats. 1985, Ch. 316, effective January 1, 1986, substituted "tax defaulted" for "sold to the state" after "On parcels" in subdivisions (b), (c), and (d); and substituted "those" for "such" after "receipts for" in the first sentence of the second paragraph.

Redemption.—The only means provided under the statutes to accomplish redemption and avoid a power of sale is to pay the redemption penalties as provided by this section, Section 4102, and Section 4216. Ferreira v. El Dorado County, 222 Cal.App.3d 788.