The definitions in this chapter shall govern the construction of this part.
Tax CertificatesGeneral Definitions
Section § 4501
This part of the law specifies that the definitions outlined in the chapter are used to interpret the rest of the section.
definitions construction interpretation
Section § 4502
This law section defines "assigned penalties" as any penalties connected to taxes and assessments that are transferred through a tax certificate. These penalties are tied to other specific sections that outline when and how they must be paid.
“Assigned penalties” means, with respect to any taxes and assessments assigned pursuant to a tax certificate, any and all penalties related thereto which are or may be payable pursuant to Sections 2617, 2618, 2704, 2705, 2759, 2760, 2761, 2762, and 4103.
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Section § 4503
The 'delinquency date' is when a penalty for late tax payment officially applies. It connects to specific tax laws which determine when this penalty is enforced, depending on the tax situation.
“Delinquency date” means the date on which a delinquency penalty attaches to taxes pursuant to Section 75.52, 2617, 2618, 2704, 2705, 2759, 2760, 2761, or 2762, as applicable.
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Section § 4504
In this context, "secured roll property" refers to property that stays listed on the official property records even after the taxes on it are overdue and have been marked as defaulted.
“Secured roll property” means property that remains on the secured roll after taxes thereon have been declared in default.
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Section § 4505
A tax certificate is an intangible right that the tax collector creates when selling the right to collect taxes on a delinquent property. This right applies only to taxes that are overdue at the time of the certificate sale and not to future taxes. Each tax certificate must detail the property involved, date of purchase, buyer's name, total amount owed, and the purchase price, potentially adjusted under specific conditions.
Tax certificates can either be paper-based or electronic, based on the county's choice.
“Tax certificate” means the intangible property right created upon a sale by the tax collector pursuant to Chapter 3 (commencing with Section 4521) of the right to receive all amounts in respect of a delinquency in connection with secured roll property or property on the supplemental roll.
(a)CA Revenue & Taxation Code § 4505(a) A tax certificate shall be issued for a separately assessed parcel, or for multiple parcels with separate assessments, that are delinquent or defaulted at the time of the offer of the sale of the tax certificate and not for any subsequent year taxes or assessments. A tax certificate shall identify the parcel or parcels securing the certificate, bear the date of the purchase of the tax certificate, the name of the purchaser (or any successor) of the tax certificate, the total amount due, including taxes and assessments, being assigned to the purchaser of the tax certificate (as they may be reduced pursuant to subdivision (b) of Section 4525), and the purchase price of the tax certificate.
(b)CA Revenue & Taxation Code § 4505(b) Tax certificates may be in the form of physical certificates or may be in book-entry form, including an electronic medium, in the discretion of the county.
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