Revenue and Taxation Code section 4221
(a)
That amount which is computed to be not less than the difference between the amounts previously paid under the provisions of this article, excepting amounts paid as interest, and(1)
40 percent of the redemption amount when the payment is made during or prior to the first fiscal year following the year in which election was made to pay delinquent taxes in installments.(2)
60 percent of the redemption amount when the payment is made during or prior to the second fiscal year following the year in which election was made to pay delinquent taxes in installments.(3)
80 percent of the redemption amount when the payment is made during or prior to the third fiscal year following the year in which election was made to pay delinquent taxes in installments.(4)
100 percent of the redemption amount when the payment is made during or prior to the fourth fiscal year following the year in which election was made to pay delinquent taxes in installments.(b)
On parcels tax defaulted prior to June 15, 1974, interest shall be computed at the rate of 12 percent per month accruing on the first day of each month following the preceding payment, on the balance of the redemption amount.(c)
On parcels tax defaulted on and after June 15, 1974, interest shall be computed at the rate of 1 percent per month accruing on the first day of each month following the preceding payment, on the balance of the redemption amount.(d)
On parcels tax defaulted on and after June 15, 1982, interest shall be computed at the rate of 112 percent per month accruing on the first day of each month following the preceding payment, on the balance of the redemption amount.
Source:
Section 4221, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=RTC§ionNum=4221. (accessed May 4, 2025).