Redemption Generally - Redemption And Its Termination - Water Code - CA

Section § 26225

If you own property that was sold because you didn't pay assessments, you have five years to buy it back, or until a collector's deed is issued. Once the deed is issued, redemption is extended until someone bids on it or the board decides not to sell it. To redeem before the deed, pay the sale amount plus a monthly penalty. After the deed, pay the sale amount, penalties, escape assessment fees, recording costs, publication costs, and preparation costs for sale. The district can waive some costs.

(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:

(1) The total of the amount of the sale shown on each certificate of sale outstanding.

(2) A penalty on each certificate of sale outstanding 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.

(3) An amount for each year of escaped assessment determined as follows: the assessor shall establish the assessment value for the land for each year of escaped assessment and the collector shall apply the rate fixed in that year to determine the amount of the escaped assessment.

(4) The costs incurred in connection with recording the certificate of sale and the certificate of redemption.

(5) The costs of publication of notice incurred in connection with the delinquency.

(6) The costs incurred in connection with the preparation for a proposed sale of property, except that a district board may waive some or all of these costs if it determines that the circumstances support the waiver.

property redemption delinquent assessments collector's deed ...

Section § 26226

This law explains what happens when someone pays to redeem a property from tax sale. When the payment is received, the collector must issue two certificates confirming the redemption. These certificates will note the payment, the date, and the details of the original sale. If a deed already exists for the property, the certificate will also include the date and location where that deed was recorded, officially marking the redemption of the property and overriding any previous sales.

On receipt of the redemption money plus the amount of the recorder’s fee fixed in this article the collector shall make out duplicate certificates of redemption reciting the payment and stating the date and number of the certificate of sale to which the redemption applies. If a collector’s deed is outstanding at the time of redemption the certificate of redemption shall also state the date of the deed and the place, book, and page at which it was recorded and shall constitute redemption from the deed, as well as all outstanding certificates of sale on the property.

redemption money recorder's fee duplicate certificates ...

Section § 26227

This law requires that when certificates of redemption are issued, one of the copies must be given to the person redeeming the property, known as the redemptioner.

One of the duplicate certificates of redemption shall be given to the redemptioner.

certificate of redemption redemption process redemptioner rights ...

Section § 26228

If someone redeems a portion of a property that was subject to a certificate of sale, the certificate of redemption must clearly describe the specific part of the property that has been redeemed.

In case of a redemption of part of any property described in a certificate of sale, the part redeemed shall be described in the certificate of redemption.

redemption of property certificate of sale partial property redemption ...

Section § 26229

This law requires the person responsible for collecting debts (the collector) to officially document a duplicate certificate of redemption with the county recorder, where the original sale certificate was filed. The collector also needs to pay a recording fee. Once recorded, this certificate confirms the validity of the transaction for anyone who buys or finances based on it.

The collector shall record the other duplicate certificate of redemption with the county recorder in whose office the certificate of sale was recorded and shall pay the recording fee provided for in Section 27361 of the Government Code. Such recorded certificate of redemption is conclusive in favor of a purchaser or encumbrancer for value.

collector duplicate certificate of redemption county recorder ...

Section § 26231

If someone has been given the rights to a certificate of sale, the collector must keep any money paid to redeem that sale and give it to the person holding the certificate when they ask for it.

When a certificate of sale has been assigned, the collector shall hold the redemption money for and on demand pay it to the holder of the certificate.

certificate of sale assigned certificate redemption money ...

Section § 26232

This law says that if someone gets an incorrect statement or estimate about the amount of taxes or assessments they owe, it doesn't officially bind the district or its officers. However, if the incorrect information was provided in writing, signed by the tax collector, and the person who paid relied on it in good faith, then it might have some effect.

No incorrect statement or estimate of assessments due or amount required to redeem is binding upon a district or its officers unless the incorrect statement or estimate was in writing signed by the collector and relied upon in good faith by the party paying the amount designated.

incorrect statement tax assessments district officers ...