Any person may elect to pay delinquent taxes in installments at any time prior to 5:00 p.m. on June 30th of the fifth year after the property is declared in default, and prior to the recording of a Notice of Power to Sell Tax-Defaulted Property.
TO START AN INSTALLMENT PLAN
To start an installment plan, or to reinstate a defaulted payment plan, an initial fee of $50.00, plus 20% or more of the total amount needed to redeem your property in full is required. If between April 10th and the date of declaration of default, also pay the current taxes in full. The 5yr installment plan contract is available online. To start an installment plan, please sign this installment plan contract and return it with your initial fee and first payment.
TO KEEP THE INSTALLMENT PLAN IN GOOD STANDING
Not later than April 10th of each fiscal year:
(1) Pay the current taxes in full, and
(2) Make the prescribed installment payment. The prescribed payment is 20% of the original amount due, plus interest. The rate of interest will be 1.5% per month on the unpaid balance.
THE PLAN WILL DEFAULT IF EITHER THE CURRENT TAXES OR THE PRESCRIBED INSTALLMENT IS NOT PAID BY APRIL 10TH OF EACH YEAR.
DANGER OF DEFAULT
(1) After default, an installment plan may not be started again until the subsequent July 1st
(2) If, during the interim, five years pass since the declaration of default, a Notice of Power to Sell Tax-Defaulted Property will be recorded, subjecting the property to sale at public auction and eliminating the Five Year Installment Plan option. To avoid having the property sold at public auction, all unpaid taxes would then have to be paid in full.
FOR FURTHER INFORMATION, CONTACT:
Tehama County Tax Collector
Post Office Box 769
Red Bluff, California 96080