Revenue and Taxation Code - RTC
DIVISION 1. PROPERTY TAXATION [50 - 5911]
( Division 1 enacted by Stats. 1939, Ch. 154. ) PART 7. REDEMPTION [4101 - 4379]
( Part 7 enacted by Stats. 1939, Ch. 154. ) CHAPTER 2. Redemption of Part of Assessment [4131 - 4159]
( Chapter 2 repealed and added by Stats. 1968, Ch. 1293. ) ARTICLE 3. Applications and Computations [4151 - 4159]
( Article 3 added by Stats. 1968, Ch. 1293. ) 4154.
If the assessor has set forth the value of personal property, or leasehold improvements, or possessory interests opposite his or her determination of the value of the parcel, the amount of defaulted taxes on the parcel is the sum of the following:
(a) The sum of the amounts computed by multiplying the assessed value of the parcel by the applicable tax rate for each of the years for which it was delinquent.
(b) The sum of the amounts set forth in the certification of the taxing agency or revenue district as being the portion of the lien for each of the years for which it was delinquent which is to continue to be levied or placed on the parcel.
(Amended by Stats. 1985, Ch. 316, Sec. 50.)