It's easier than it sounds. We are retired, bought our retirement house. Sold our previous hse to daughter and fam. No sweat, no property tax change for daughter's hse.
@user-os4br4ux5j
10 ай бұрын
Reinstate prop 58! We must FIX Prop 19. Please sign the petition to get this on the 2024 ballot!
@shanechostetler9997
18 күн бұрын
It’s absolutely fair. Not everyone wants to move every 5years. Washington state needs something equivalent.
@popgems
27 күн бұрын
There are a couple of discrepancies. 1. Property tax under Prop 13 can't be raised more than 2% per year, not 1%. 2. Yes, people 55 and older can transfer their lower property tax to a new home within California and it will stay at the same rate if they purchase a home of equal or lesser. However, if they sell their home for $500,000 and purchase a new home for $600,000 they will be assessed for an addition $100,000 onto their low transferred tax base.
@lilshaz8378
4 ай бұрын
What about a Transfer on Death?
@kchaney56
9 күн бұрын
Commifornia
@annm.7176
4 ай бұрын
As next deputy share if I can tell you don't put things into your kid's names because they will move you out in the middle of the night. We got so many calls on kids money to get rid of their parents and the house was in the kids name and we couldn't do anything about it.
@rhensontollhouse
3 ай бұрын
The parents fault for not having a better relationship with the child. Also, the parent should have set up the transfer differently.
@willieverusethis
Ай бұрын
It's great that the kids will have to sell the home rather than turn it into another rental. More homeownership=better neighborhoods, a bigger middle class building wealth through equity. We don't need more landlords and renters. We need more home owners!
@shelleycharlesworth5177
11 ай бұрын
My mortgage free house is in my trust. No children. If I leave it to a friend, what about the property taxes? Is there any way to AVOID my home being fully re-assessed ? The taxes would be too much for my friend to handle.
@chrischamberlain7628
10 ай бұрын
No, since she is actually not your blood relative, the house will be for sure be reassessed. I know it’s not fair & this new law makes me sick.
@shelleycharlesworth5177
10 ай бұрын
@@chrischamberlain7628
@ellencookman-EstatePlanningSNT
10 ай бұрын
I'm not aware of any "easy" ways to accomplish this. You might want to check with a real estate attorney for more creative options
@eastpark4864
11 ай бұрын
Shyster lawyers are trickey, not to put property in joint tenancy.
@goaretebarreto5154
8 ай бұрын
But if you inherit a house and it’s paid off, the rent will pay for the property taxes
@embedded_software
3 ай бұрын
We don’t want to be forced to rent! They’re OUR homes. Sacred spaces.
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