Unfortunately, the amount of taxes is determined solely by the fair market value of the property on the date of the transfer. In this case, Bob's...

Property tax question for California - Can we keep the low tax-basis on the family home if sold after a life estate is complete?

Generally, the termination of a life estate is a reassessable event: A change in ownership includes..."Any vesting of the right to possession or...

Larry H. Parker is a real attorney. I believe he went to Southwestern Law School in Los Angeles. He has developed a very successful advertising...

This justify for slander, malice procedure suit. Abusive of power, by the assessors ? I'm forced a bad credit, unable for loan.

You did well to file an assessment appeal within the 60-day statute of limitations. That can also act as your claim for refund if you checked the...

If County made error in past years property value, therefore, property taxes were less, is there a time limit on when they can

The statute of limitations for issuing escape assessments is found in Revenue and Taxation Code section 532. The limit is four years for recorded...

Under prop 58 if a loan is taken out to pay the other sibling off is that amount reassessed in prop taxes & Is new loan a refi

In many cases it is possible to distribute the assets of the Trust so that there is no reassessment. In most Trusts the trustee has the ability to...

What are the best sources to help with property tax appeals? This is in Santa Clara County, residential.

The County itself may have assistance for you. Some counties provide classes to help homeowners appeal their assessments. If you wish an informal...

Is it possible to regain our Prop 13 tax rate?

It isn't clear from your facts why your Prop 13 status (meaning your old base-year value) was lost. Unless title was transferred to your son,...

What taxes need to be filed after husband's death, we have a revocable living trust with both as grantors.

Although your inquiry relates primarily to income taxes, the death of a real property owner has to be reported to the County Assessors where...

Property Taxes in LA County, California: Square footage of basement of commercial units included in calculating assessed value?

Property taxes are based on the fair market value of property on the date it was acquired or constructed. Of course, the square footage of a...