GroundRules
RTC § 5083
Where this section sits in the code
- Revenue and Taxation Code - RTC
- DIVISION 1. PROPERTY TAXATION [50. - 5911.]
- PART 9. CORRECTIONS, CANCELLATIONS, AND REFUNDS [4801. - 5170.]
- CHAPTER 4. Cancellations [4985. - 5091.]
- ARTICLE 5. Cancellation of Taxes on Exempt Property [5081. - 5091.]
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.
Collected 2026-09-14T05:56:33Z. Source file · JSON