California Code of Regulations
Title 18 - Public Revenues
Division 1 - State Board of Equalization-Property Tax (California Department of Tax and Fee Administration - Timber Yield Tax, See Chapter 11)
Chapter 4 - Equalization by State Board
Article 4 - Change in Ownership and New Construction
Section 462.140 - Change in Ownership-Transfers Resulting from Tax Delinquency
Redemption of tax-defaulted property by the assessee shall not be considered as a change in ownership. However, a sale of tax-defaulted property by the tax collector, whether to the former assessee or to any other person, is a change in ownership requiring reappraisal as of the date of the sale.
1. Change
without regulatory effect renumbering former subsection
462(h) to section
462.140 filed 5-11-94 pursuant to title 1, section 100, California Code of
Regulations (Register 94, No. 19).
2. Amendment filed 5-12-97;
operative 6-11-97 (Register 97, No. 20).
Note: Authority cited: Section 15606, Government Code. Reference: Section 60, Revenue and Taxation Code.
