California Revenue and Taxation Code

§ 3698.5

RTC § 3698.5 Effective Jan 1, 2018Div. 1 · Part 6 · Ch. 7

Statute text

(a)Except as provided in Section 3698.7, the minimum price at which property may be offered for sale pursuant to this chapter shall be an amount not less than the total amount necessary to redeem, plus costs and the outstanding balance of any property tax postponement loan. For purposes of this subdivision:

(1)The “total amount necessary to redeem” is the sum of the following:

(A)The amount of defaulted taxes.

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Legislative history

Amended by Stats. 2017, Ch. 601, Sec. 1. (SB 812) Effective January 1, 2018.