BILL ANALYSIS Ó
AB 1110
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Date of Hearing: May 4, 2015
ASSEMBLY COMMITTEE ON REVENUE AND TAXATION
Philip Ting, Chair
AB 1110
(Ting) - As Introduced February 27, 2015
Majority vote.
SUBJECT: Property taxation: redemption deficiency
SUMMARY: Extends the time available to make a redemption
deficiency payment from 30 days to 45 days following the mailing
of the notice or bill.
EXISTING LAW:
1)Provides that, unpaid property taxes are declared delinquent
and subject to penalties and costs. If the taxes remain
unpaid, the property is declared tax-defaulted and subject to
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sale.
2)Authorizes the tax collector to provide notification of the
tax-defaulted status of the property to the property owner, as
specified, and authorizes the property to be redeemed until
the right of redemption is terminated.
3)Requires the tax collector to issue a certification of
redemption when tax-defaulted property is redeemed, as
specified.
4)Authorizes a tax collector to collect the amount of redemption
deficiency for the underpayment, if that tax collector has
erroneously computed the amount necessary to redeem a parcel
of property as to which a redemption certificate has been
issued and that error resulted in an underpayment of the
amount required to redeem the property.
5)Requires that, if payment of the redemption deficiency is not
made within 30 days following the mailing of the notice or
bill, the deficiency shall be transferred to the secured roll
(prepared or being prepared for the assessment year in which
such notice or bill is mailed to the assesse) and be treated
and collected like any other taxes on such roll.
FISCAL EFFECT: Unknown.
COMMENTS: Under existing law, if unpaid property taxes are
declared delinquent, the property will be declared tax-defaulted
and subject to sale. The tax collector is then required to
provide notice to the owner of the tax-defaulted status of the
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property. If the tax collector has incorrectly calculated the
necessary amount to redeem the property and that error leads to
an underpayment of the amount necessary to redeem the property,
the tax collector can collect on remaining underpayment if the
tax collector sends notice of, or a bill for the underpayment.
If payment is not made within 30 days of the notice or bill, the
deficiency will be transferred to the secured roll and
treated/collected like any other tax on such a roll. This bill
extends the time available to make a redemption deficiency
payment from 30 to 45 days before the deficiency is transferred
to the secured roll.
REGISTERED SUPPORT / OPPOSITION:
Support
None on file
Opposition
None on file
Analysis Prepared by:Paul Kim / REV. & TAX. / (916) 319-2098
AB 1110
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