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.
Cal. Code Regs. Tit. 18, § 462.140
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.
2. Amendment filed 5-12-97; operative 6-11-97 (Register 97, No. 20).