California Water Code

§ 26225

WAT § 26225 Effective Jan 1, 1997Div. 11 · Part 10 · Ch. 6 · Art. 1

Statute text

(a)Property sold for delinquent assessments may be redeemed within five years from the date of sale, or thereafter before a collector’s deed of the property has been delivered.

(b)If a collector’s deed has been delivered to the district, the period of redemption is extended until the first bid is received for the property or until the board determines the property is not to be sold as provided in Section 26290.

(c)Redemption before a collector’s deed of the property has been delivered may be made by payment in lawful money of the United States to the collector of the amount for which the property was sold plus a penalty equal to the adjusted annual rate established by the Franchise Tax Board, as provided in Section 19521 of the Revenue and Taxation Code, divided by 12 per month from the date of sale until redemption. Redemption after a collector’s deed has been delivered may only be made by payment of the total of the following amounts:

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Legislative history

Amended by Stats. 1996, Ch. 144, Sec. 1. Effective January 1, 1997.