(a) There shall be distributed to the county general fund to reimburse the county for the cost of conducting the sale, one hundred fifty dollars ($150) for all or any portion of each separately valued parcel of real property subject to a power of sale pursuant to Section 3691 and sold to private parties or to a taxing agency.

(b) The one hundred fifty dollars ($150) required to be distributed pursuant to subdivision (a), shall be paid from the total proceeds of the sale only after satisfaction of the amount specified in Section 4672. If the amount of proceeds from the sale is insufficient, the one hundred fifty dollars ($150) shall be reduced accordingly.

Terms Used In California Revenue and Taxation Code 4672.1

  • County: includes city and county. See California Revenue and Taxation Code 15
  • fund: includes :

    California Revenue and Taxation Code 4651

  • Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.

(Amended by Stats. 2004, Ch. 407, Sec. 11. Effective January 1, 2005.)

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