Laws, Regulations & Annotations

Property Taxes Law Guide – Revision 2017

Revenue and Taxation Code

Property Taxation

Part 8. Distribution

CHAPTER 1.3. Distribution of Proceeds From Sale of Tax-Deeded Property

Section 4672

4672. Distribution to State. (a) There shall be distributed to the State of California, to be placed in the General Fund, one dollar and fifty cents ($1.50) for all or any portion of each separately valued parcel of real property that is both subject to a power of sale pursuant to Section 3691 and sold to private parties or to a taxing agency.

(b) The one dollar and fifty cents ($1.50) required to be distributed, pursuant to subdivision (a), shall be paid from the total proceeds of the sale. If the total amount of proceeds from the sale is insufficient, the one dollar and fifty cents ($1.50) shall be reduced accordingly.

History.—Stats. 1976, Ch. 1079, p. 4885, in effect January 1, 1977, substituted "deeded" for "deed" in the first sentence of the first paragraph. Stats. 1978, Ch. 430, in effect January 1, 1979, replaced the words "a pro rata division agreement" with "an agreement requiring that the taxing agency resell the property," in the second subsection. Stats. 1985, Ch. 316, effective January 1, 1986, substituted "subject to . . . Section 3691" for "deeded to the state" after "property" in the first subsection. Amended by Stats. 2004, Ch. 407 (SB 1831), in effect January 1, 2005.