Home Publications Guides, Manuals, and Reference Materials County Tax Collectors' Reference Manual (2012) Chapter 5000 Redemptions 5910-5913 Sale of Tax Certificates: Pertinent Definitions

5910-5913 Sale of Tax Certificates: Pertinent Definitions

5910. ASSIGNED PENALTIES
"Assigned penalties" means, with respect to taxes and assessments assigned pursuant to a tax certificate, any and all related penalties that are or are not payable (Rev. & Tax. Code §4502).

5911. DELINQUENCY DATE
The "delinquency date" means the date on which a delinquency penalty attaches to taxes, as applicable. The delinquency date is currently 12:01 am on January 1 preceding the fiscal year for which the taxes are levied (Rev. & Tax. Code §4503).

5912. SECURED ROLL PROPERTY
"Secured roll property" means property that remains on the secured roll after taxes on the property have been declared in default (Rev. & Tax. Code §4504).

5913. TAX CERTIFICATE
"Tax certificate" means the intangible property right created upon a sale by the tax collector of the right to receive all amounts due with respect to a delinquency in connection with secured roll property or supplemental roll property (Rev. & Tax. Code §4505).