California Revenue and Taxation Code

§ 5083

Name: California Superior Court Tentative Rulings
Creator: DecisionDepot
License: https://creativecommons.org/licenses/by-nc/4.0/

RTC § 5083Div. 1 · Part 9 · Ch. 4 · Art. 5

Statute text

View on leginfo.ca.gov

If exempt property is acquired either by negotiated purchase or eminent domain any lien on the property for ad valorem taxes is extinguished as a matter of law upon the acquisition of the property, and the lien immediately transfers and attaches to the proceeds constituting the purchase price or award.

Legislative history

Added by Stats. 1979, Ch. 31.