Laws, Regulations & Annotations

Property Taxes Law Guide – Revision 2018

Revenue and Taxation Code

Property Taxation

Part 8. Distribution

CHAPTER 3. Alternative Method of Distribution of Tax Levies and Collections and of Tax Sale Proceed

Section 4704

4704. Entry on assessment roll of tax-defaulted property. In order to facilitate tax accounting in connection with the procedure authorized by this chapter each county which adopts the procedure shall enter tax-defaulted property on the rolls in the name of the assessee and extend taxes thereon in the name of the assessee. The amount so extended shall be used in the determination of the cost to redeem that property. If valuations of tax-defaulted property entered on the roll under the provisions of this section exceed 1 percent of the total, the valuations shall not be included by the county auditor in any statement of equalized assessed valuations which he or she may be required to make as the basis for the determination of a bond debt limitation.

History.—Added by Stats. 1949, p. 2387, in effect October 1, 1949. Stats. 1959, p. 2413, in effect September 18, 1959, inserted "If" before "valuations" and "exceed 1 percent of the total, such valuations" before "shall not" in last sentence. Stats. 1985, Ch. 316, in effect January 1, 1986, substituted "tax-defaulted" for "tax-deeded" after "enter", substituted "assessee" for "state" after "name of the", and substituted "in the name of the assessee" for "in the same manner as it would were the property subject to taxation" after "thereon" in the first sentence; deleted "against each such property shall be accounted for under this chapter as though it were a normal levy and" after "extended", and substituted "that" for "such" after "redeem" in the second sentence; and substituted "tax-defaulted" for "such tax-deeded" after "valuations of", substituted "the" for "such" after "total,", and added "or she" after "he" in the third sentence.