Rev. & Tax. Code, § 4673.1 · Chapter 1.3. Distribution of Proceeds From Sale of Tax-Deeded Property
Rev. & Tax. Code, § 4673.1
Text — As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)
After satisfaction of the amount specified in Sections 4672, 4672.1, and 4673, the proceeds shall be distributed as follows:
(a) An amount of the proceeds up to but no greater than the amount required, at the time of sale, to redeem the property from tax default, the outstanding balance of any property tax postponement loan, and the sale to any taxing agency entitled to share in the proceeds shall be distributed as follows:
(1) A pro rata share shall be distributed to each assessment fund in an amount bearing the same proportion as the assessment due each fund bears to the total amount of taxes and assessments necessary to redeem the property at the time of sale.
(2) After distributing the proceeds according to paragraph (1), a pro rata share shall be distributed to each tax fund in an amount bearing the same proportion to the balance remaining as the tax rate for each fund bears to the total tax rate applicable to the property for the fiscal year preceding that in which the property was sold.
(3) The remaining balance of the proceeds to be distributed under this section after distributing the proceeds according to paragraphs (1) and (2) shall be distributed to the state controller for the outstanding balance of any property tax postponement loan.
(b) After satisfaction of the amounts specified in subdivision (a), an amount of the proceeds necessary to satisfy current taxes and assessments and applicable penalties and costs thereon for the fiscal year in which the tax sale is held shall be distributed as provided in Chapter 1a (commencing with Section 4653) of this part. Current taxes and assessments referred to herein include taxes and assessments which would have been levied on the property if the property were not tax-deeded to any taxing agency and remains subject to sale by, or redemption from, the taxing agency.
(c) For purposes of this section, the “outstanding balance of any property tax postponement loan” is the sum of the following:
(1) The tax payments made by the State Controller’s office on behalf of the claimant in the Property Tax Postponement Program.
(2) Accrued interest pursuant to Section 16183 of the Government Code, subject to Sections 20644 and 20644.5.
(3) Other associated fees and penalties as deemed appropriate by law.
(4) Less any payments already made on the property tax postponement loan.
Notes and commentary — not statutory text
History
Amended by Stats. 2014, Ch. 703, Sec. 25. (AB 2231) Effective September 28, 2014.
Source of truth
- Edition
- As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)
- Official file
- https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=RTC§ionNum=4673.1.
- Text hash
- sha256 32ac886be2feea82ca39ae1b4d243a0c9bdae966bcf0a5e6ec023388bb98cfe1
- Composed by
- compose_ca.py 2026-10-22: the Legislative Counsel's CAML content files read by a tokenizer (caml_readers.reader_a); an independent xml.etree reading (caml_readers.reader_b) agrees on every section
This section cites
Provisions in this library that the text above cites, as it prints each citation. A range cited as “ss. 61.13-61.16” links its first and last provisions.
Revenue and Taxation Code
- Rev. & Tax. Code, div. 1, pt. 8, ch. 1aSecured RollPrinted as Chapter 1a (commencing with Section 4653) of this part
- Rev. & Tax. Code, § 4672Printed as Sections 4672, 4672.1, and 4673
- Rev. & Tax. Code, § 4672.1Printed as Sections 4672, 4672.1, and 4673
- Rev. & Tax. Code, § 4673Printed as Sections 4672, 4672.1, and 4673
- Rev. & Tax. Code, § 20644Printed as Sections 20644 and 20644.5
- Rev. & Tax. Code, § 20644.5Printed as Sections 20644 and 20644.5
Cited by 3 provisions
Provisions in this library whose text cites Rev. & Tax. Code, § 4673.1. Each shows the citation as that text prints it.
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