§ 103347 Tax Redemption Payment Distribution

This law says that when a property that was sold because of unpaid taxes is bought back, the money paid to get it back must be split and sent to the local district by the county controller.

Key Takeaways

•Redemption money must be divided among the appropriate district.
•The county controller is the one who makes the payment.
•The division follows rules in the Revenue and Taxation Code.

Example

A homeowner didn't pay property taxes, so the county sold the house at a tax sale. Later the homeowner pays the required amount to get the house back.

After the homeowner redeems the house, the county controller divides the redemption money and sends the proper share to the district (like the school district) as required by tax rules.

Whenever any real property has been sold for taxes and has been redeemed, the money paid for redemption shall be apportioned and paid to the district by the county controller pursuant to provisions of the Revenue and Taxation Code. (Added by Stats. 1974, Ch. 502.)

This law says that when a property that was sold because of unpaid taxes is bought back, the money paid to get it back must be split and sent to the local district by the county controller.

Key Takeaways

•Redemption money must be divided among the appropriate district.
•The county controller is the one who makes the payment.
•The division follows rules in the Revenue and Taxation Code.

Example

A homeowner didn't pay property taxes, so the county sold the house at a tax sale. Later the homeowner pays the required amount to get the house back.

After the homeowner redeems the house, the county controller divides the redemption money and sends the proper share to the district (like the school district) as required by tax rules.

Key Takeaways

Example

Key Terms

References

§ 103347 Tax Redemption Payment Distribution

Key Takeaways

Example

Key Terms

References

Key Takeaways

Example

Key Terms

Related Statutes

References

Key Takeaways

Example

Key Terms

Related Statutes

References