California Revenue and Taxation Code Section 5083

CA Rev & Tax Code § 5083 (2017)  

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.

(Added by Stats. 1979, Ch. 31.)

Last modified: October 25, 2018