SECTIONS 26225-26232 - California Statutes

WATER CODE

SECTION 26225-26232

26225. (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.

26226. 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.

26227. One of the duplicate certificates of redemption shall be
given to the redemptioner.

26228. 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.

26229. 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.

26231. 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.

26232. 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.