How to lower your property taxes in a market of declining property values
In times of stable and rising housing prices, county assessors may raise a property’s assessed value at the rate of consumer inflation, but not more than 2% each year. Conversely, during times of property value deflation, as we are now experiencing, county assessors are required to lower assessed values to the lesser amount of the […]
THE MOST OVERLOOKED TAX LOOPHOLE FOR TRANSFERRING REAL ESTATE AFTER THE DEATH OF AN OWNER
Real estate may be passed to heirs through joint tenancy, probate or trust. Regardless of the process, there is one important tax exclusion that is frequently overlooked by surviving family members. It’s a California law called Proposition 58. What follows is a brief overview of the ways property may be inherited and how heirs can […]
