Cal. Rev. & Tax. Code § 403

Current through the 2023 Legislative Session.

Section 403 - Land sold by state for which no patent has been issued

Land sold by the State for which no patent has been issued shall be assessed like other land, but the owner is entitled to a deduction from the assessed valuation of the amount due the State as principal on the purchase price.

Ca. Rev. and Tax. Code § 403

Enacted by Stats. 1939, Ch. 154.