Cal. Rev. & Tax. Code § 4216

Current through the 2023 Legislative Session.

Section 4216 - "Redemption amount" and "balance of the redemption amount" defined

As used in this article:

(a) "Redemption amount" means the total amount which would be necessary to redeem tax-defaulted property at the time an election is made to pay delinquent taxes in installments under this article.

(b) "Balance of the redemption amount" is the amount equal to the difference between the redemption amount and the total of the portions previously paid which portions were paid as a part of the redemption amount.

Ca. Rev. and Tax. Code § 4216

Amended by Stats. 1985, Ch. 316, Sec. 53.