Mistakes to Avoid When Transferring a Property Tax Base

The Right Advice & The Right Trust Loan Lender  Much to the relief of many Californians who are in the process of inheriting a home from a parent, in many case California Proposition 19 allows you keep a parents low … Continue reading

California Proposition 19 – Parent To Child Property Tax Transfer On An Inherited Home

As many Californians are aware, a home undergoes reassessment at “ current market value” if it’s transferred, inherited, sold or gifted from one party to another – and, in turn, taxes on the property often increase significantly providing additional revenue … Continue reading

Trust Loans and the Proposition 19 Exclussion from Property Tax Reassessment

When California Proposition 19 went into effect on April 1st, 2021, it replaced Proposition 58. California Proposition 58 previously controlled how a person inheriting a home from a parent could avoid property tax reassessment. Under the newly passed Proposition 19, … Continue reading

Parent to Child Property Tax Transfer in California

Perhaps the greatest benefit of California Proposition 58 and Proposition 19 is the ability those propositions grant to a parent allowing them to transfer their low property tax base to a child. On average avoiding property tax reassessment saves a … Continue reading

Parent to Child Property Tax Transfer

Parent to Child Property Tax Transfer on California Real Estate Did you know that in some situations California property owners can transfer a property tax base to another person?  It is possible, but there are some limitations. California Proposition 58 … Continue reading

PROPOSITION 58 – CALIFORNIA REVENUE AND TAXATION CODE SECTION 63.1: PARENT-CHILD TRANSFERS

California Proposition 58 Parent to Child Transfer requirements. Continue reading

California Proposition 58 Parent to Child Transfer of Property Tax Rate

California Proposition 58 and Property Taxes When inheriting real estate from a parent, one of the primary considerations in determining if you will keep or sell the property is often the expenses associated with the home. Typically one of the … Continue reading