Cal. Rev. & Tax. Code § 5083

Current through the 2023 Legislative Session.

Section 5083 - Exempt property acquired by negotiated purchase or eminent domain

If exempt property is acquired either by negotiated purchase or eminent domain any lien on the property for ad valorem taxes is extinguished as a matter of law upon the acquisition of the property, and the lien immediately transfers and attaches to the proceeds constituting the purchase price or award.

Ca. Rev. and Tax. Code § 5083

Added by Stats. 1979, Ch. 31.