BlackletterCalifornia law

Revenue and Taxation Code § 5083

ARTICLE 5. Cancellation of Taxes on Exempt Property

Current as of September 28, 2026Rev. & Tax. Code, § 5083Official source ↗Ask about this

Added by Stats. 1979, Ch. 31.

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.