Statute · California Revenue and Taxation Code
Cal. Rev. & Tax. Code § 403 — General Requirements
Cal. Rev. & Tax. Code § 403
- Type
- Statute
- Source
- California Revenue and Taxation Code
- Jurisdiction
- California
- Current through
- Nov 2, 2026 (California Legislative Counsel)
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.
Citator
Cal. Rev. & Tax. Code § 403 — General Requirements is in force in the current edition of the Code, and nothing recorded condemns it.
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.