A question I have is does the beneficiary have to be the one who moves in or can it be another family member who is not a direct beneficiary of the trust?
@jeffarcher400
Ай бұрын
The beneficiary must move in forever.
@Toltecgrl
25 күн бұрын
She said the beneficiary must live there for a year
@joanneb3524
Ай бұрын
I inherited my brother's home in 2020. He had Prop 13 advantages since the home had belonged to our parents, and he was added when our father passed. When our mother passed, he was grandfathered in to Prop 13 since his name was already on the deed. Since Prop 19 only is given to Parent-Child or Grandparent-Child inheritances, I was not able to take advantage of the changes. Property taxes quadrupled, even though we made it our primary home, and I'm over 55. Prop 19 didn't help me at all. I sold the home in 2022, that was the plan all along. The buyer became upset when they realized that their property taxes were about 5X what my brother had paid and wanted to sue me for the change in property taxes. I hadn't done anything wrong, which was what they first tried to claim. A few months after the home was sold, they tried to get me to sign a document that said I would pay THEIR property taxes in perpetuity, retroactive to the date of sale. Um......no. Didn't sign and said "see you in court". They haven't bothered me since. This is one way people can lose possession of an inherited home.....if they can't pay the property taxes on the reassessed value, you're sunk. I'm not in CA anymore.
@norwegianblue2017
Ай бұрын
God forbid regular middle class people be allowed to keep anything of value. Need that money to pay for illegal aliens and welfare state and $10k public trash cans.
@Joe_At_Empire_Marketing_Group
Ай бұрын
The world is going off its rocker...it is SEVERELY mentally disordered. I am beginning to see why Elon wants to go to Mars. It will take a while before you have neighbors who live close enough to you (if you have Elon's bank account) to drive you crazy!
@Gregarious3
Ай бұрын
How do you think it works in every state?
@markme4
Ай бұрын
Why would your buyers think you would pay their property taxes for them ? 🤷🏻♂️
@BackyardBeeKeepingNuevo
Ай бұрын
Congratulations 🎊🍾🎉! You were able to escape Commiefornia relatively unscathed!!! I am planning my escape from The Un-Golden State!
@coleevans2487
Ай бұрын
Prop 19 was a disaster and has resulted in higher rents in a state where rents were already high. The reassessed property taxes were just passed on to the tenants.
@jeffarcher400
Ай бұрын
It hasn't even really hit the fan yet. It's going to skyrocket as more people die.
@331SVTCobra
Ай бұрын
There are several factors involved with the rents and the homeless. 1. More and more high tech jobs in California mean more workers are moving in as they graduate universities on the East Coast and Midwest. (Let's face it, most of today's youth want to move to California.) 2. The major cities are essentially built-out and there is no room for more suburbs. 3. For the existing living spaces, supply and demand drive the prices up. 4. Run down apartments evict the tenants, renovate, and charge three times as much for the young high-paid workers. Many of the evicted can't afford any apartments. 5. The developers complain that homelessness is due to liberal environmental restrictions. The restrictions get lifted, and the developers build high tech office spaces (instead of homes). The high tech offices host even more high paying jobs for more people to move here, exacerbating the housing problem. There's not really such a thing as "passing the cost on to the tenants". Rather, rental prices, like all prices, are set by supply and demand. With two adjacent homes being rented for $3k/mo, if one of them gets sold, tripling the property tax, prospective renters will see one house at $3k/mo and the adjacent one at $4k/mo. They will pass on the expensive one. Keep in mind that both homes are renting at $3k/mo because all the similar homes are going at that rate. If suddenly all the homes are renting for $3800/mo, then the two homes will also raise their rents to $3800 regardless of whether the property tax was raised.
@michaelglueckert7662
Ай бұрын
Newsome!! Vote him out people!!! Good grief!!!
@saintpreferred9223
26 күн бұрын
Won't matter. Cali cannot be fixed in your lifetime.
@t.haller6093
Ай бұрын
Property paid in full shouldn't be taxed
@scstudios8
Ай бұрын
You consume resources still, so you still should be taxed. You pay for the fire and police and infrastructure for your community. Just because you finally paid the house off has no relation to why there is a tax. Its not home owners insurance. The problem is, the tax gets jacked up faster than inflation just sitting there, let alone when you sell the home it all gets reassessed. You still need the tax because you exist where you live and that requires some amount of kickback. Its just become a money grab. Many places its not a significant amount, here in CA is stupidly high. My house is $750 per month just for the prop tax. That is more than I used to rent in Atlanta 10 years ago.
@jumperstartful
Ай бұрын
can't get away from property taxes.
@admtahoe
Ай бұрын
@@scstudios8 I would agree with this EXCEPT....Look at my neighbor who gets child credits because they chose to have Kids....I didn't choose that for them....Why should I pay more tax than them because I don't have kids in the house? They use the Police, Fire, infrastructure....Shouldn't everyone pay the same amount for those things? I have no problem paying for Police/Fire but why should I pay a bigger share? That is what is truly B.S.
@Flub_Kub
Ай бұрын
Heck, it should only be taxed once! Not over and over and over again. I understand local taxes, but "what the hell" with the rest...?!
@LMO1980
Ай бұрын
@@admtahoeYou should pay a bigger share because it is your obligation to future generations to have children. If you don't have children, society will fall apart. Governments know this, and that is why they incentivize people to have children. Also, all children are future tax payers that will contribute to the services that the generations that came before them will use in their old age. Think of it this way, you kick in now so that all the kids who benefit from your taxes can make it to adulthood and start kicking in themselves. However, I get where you're coming from because the things that property taxes are supposed to pay for are producing such poor results and thus are a waste of money.
@grahammatthews1428
Ай бұрын
We were told in a realtor association meeting by the Los Angeles county assessor himself that moving in for one year would not change the taxes indefinitely. The child had to move in and stay in there. Once the child moves out say in a year or 2 years or 3 years the property taxes would go to market value. Double check that for San Diego. I think the Reyes are in for a rude awakening.
@mam564
Ай бұрын
Your explanation is my understanding as well. Thanks!
@ProbateandTrustHelp
Ай бұрын
Graham, that would be a great question for the San Diego Tax Assessors office, but, I believe that the taxes would remain the same even if the family member moves out of the property
@HouseGuide
Ай бұрын
Graham Mathews, what if a family member was 55 or older, moved in and then later sold the home to move to the place he wanted in California, would tht person then maintain his tax basis. I don't see a problem with that.
@grahammatthews1428
Ай бұрын
@@HouseGuide That's a great question and an interesting senerio. I would assume that might be a way to work around being permanently tied to your parent's old property. I don't know the answer to that, but recommend you ask the county assessor's office where your property is located. Thanks for that question.
@snoopyloopy
Ай бұрын
Excellent.
@ronoconnor8971
Ай бұрын
Sounds about right in Ca. She said a $500,000.00 house would have $600,000.00 taxes.
@Joe_At_Empire_Marketing_Group
Ай бұрын
Yeah, I'm glad you caught that one, Ron. Who wrote the script? Who edited it for accuracy? Glaring mistakes like this don't build trust, that's for sure. I would not want them to fill out a purchase agreement on my behalf!
@ronoconnor8971
Ай бұрын
I thought I heard it wrong the first time. Guess they work for the government
@kittycat6195
Ай бұрын
She meant 6,000
@Get_to_the_Point
Ай бұрын
lmao I thought she was being sarcastic.
@Joe_At_Empire_Marketing_Group
Ай бұрын
@@kittycat6195 Are you sure, kitty?
@MikeHowlett916
Ай бұрын
The example of moving into the home for 1 year to avoid a Prop 19 reassessment is not accurate. To clarify, the family member has 12 months to make the inherited home his or her primary residence. The 12 month clock starts on the date of death. The assessors office will also require the family member to record a homeowners exemption to further evidence it's owner occupied status. If at any time the home fails to maintain it's owner occupied status, it will be subject to reassessment under Prop 19. This is true regardless of if the family member has lived there for more than 1 year or not.
@wglazaldimbapmp784
Ай бұрын
thank you for correcting this inaccurate Video
@beckyg361
Ай бұрын
Yes. This was my understanding too. Got a year after death to get a beneficiary to move in. This video made me doubt what I thought I knew. A beneficiary needs to keep it owner occupied forever to retain the low taxes.
@royrosete7085
Ай бұрын
from Sacramento w/love..... BOHICA....
@jumperstartful
Ай бұрын
bohica memories!
@jeffsadon552
Ай бұрын
Thank you Gavin Newsom
@moorefacts6605
Ай бұрын
The states with no state estate tax as of mid-2023, are Alabama, Alaska, Arizona, Arkansas, California, Colorado, Delaware, Florida, Georgia, Idaho, Indiana, Kansas, Louisiana, Michigan, Mississippi, Missouri, Montana, Nevada, New Hampshire, New Mexico, North Carolina, North Dakota, Ohio, Oklahoma, South Carolina, ..
@Sam9wilson9
Ай бұрын
Where can we find more info on the one year loophole; didn’t see that. Seemed to read primary residence as to avoid becoming a rental with a tax benefit
@willieverusethis
Ай бұрын
@@moorefacts6605 This isn't an estate tax. It's just a regular reassessment of property taxes.
@timh3221
Ай бұрын
@jeffsadon552 - you should know that the California Association of Realtors (CAR) spent $35.7M on getting this prop passed to increase the number of Real Estate transactions which would naturally line the pockets of Real Estate Agents, Brokers and CAR... Quoted from CAR website Did You know? Did you know that Proposition 19 will spur housing economic recovery in California? Proposition 19 limits property tax increases on primary residences for family transfers, homeowners over 55 years old, people with severe disabilities, and victims of natural disasters or wildfires by removing unfair location and price restrictions. This will open up tens of thousands of housing opportunities, making homes more readily available for first-time homeowners, families, and Californians throughout the state. Less Than One Week Until Election Day… All voters in California should have received their mail-in ballots, and early voting is happening across the state. Now is the time to encourage your friends and colleagues to vote for Proposition 19. www.car.org/knowledge/brokers/Prop-19 and, external information on the dollar amount www.housingwire.com/articles/why-car-campaigned-for-californias-proposition-19
@jumperstartful
Ай бұрын
He has his eyes on the White House! And the soccer moms love him!
@sjnix7044
Ай бұрын
Thats why Im leaving CA when I retire in three years.
@saintpreferred9223
26 күн бұрын
So, Cali still gets their CA 540 taxes for 3 more years....excellent decision...
@sjnix7044
26 күн бұрын
@@saintpreferred9223 I’m in PERS. I have to wait three more for it to make sense. I’d love to be done now but it would be stupid.
@kimmarquis2354
Ай бұрын
Taxation without representation.
@willieverusethis
Ай бұрын
Um, Prop 19 was voted in by Californians directly.
@frankelizalde9306
Ай бұрын
@@willieverusethisProp 19 Was authored by Kevin Mullin, Democrat, monger of imposing big tax on home owners.
@victoria19853
21 күн бұрын
@@willieverusethisYes it was on the ballot. But it’s a trick by the state of California at the same time. According to constitutional law the state and federal government are out of pocket because at the end of the day is illegal to tax property according to the constitution.
@jeffprostar1909
Ай бұрын
Just another reason I left California
@moorefacts6605
Ай бұрын
The states with no state estate tax as of mid-2023, are Alabama, Alaska, Arizona, Arkansas, California, Colorado, Delaware, Florida, Georgia, Idaho, Indiana, Kansas, Louisiana, Michigan, Mississippi, Missouri, Montana, Nevada, New Hampshire, New Mexico, North Carolina, North Dakota, Ohio, Oklahoma, South Carolina, ..
@jeffprostar1909
Ай бұрын
@@moorefacts6605 That's not what she is pointing out. She saying the propositions are changing when you inherit your parents property the tax would stay the same as your parents paid. Now the state reevaluates the property . You pay much higher property taxes if you keep the property.
@markskibo5159
Ай бұрын
@@jeffprostar1909 So What, if I buy one I have to pay
@frankelizalde9306
Ай бұрын
@@markskibo5159For those who enjoy paying higher taxes, then Kevin Mullin, Democrat, author of Prop 19, is YOUR man !
@stuarthaggard121
Ай бұрын
So you made California a better place by leaving.. hahahaha
@RAREFORMDESIGNS
Ай бұрын
I love how people complain about things they voted for.
@comment_creator_76
Ай бұрын
Not everyone voted for this Einstein
@np5687
Ай бұрын
lol 😂
@thx2434
Ай бұрын
I voted against it!!
@michellebayon2387
Ай бұрын
They always want to blame others for their ignorance.
@frankelizalde9306
Ай бұрын
@@michellebayon2387Liberalism advocate, Kevin Mullin , Democrat, authored CA Prop 19.
@cawreshist1019
Ай бұрын
Sold everything and left Comi Cali in 2012 They now have highest income tax in the country and their still broke!
@BlindSquirrel425
Ай бұрын
Um, not broke. CA’s economy is #5 in the WORLD. Glad you left if you didn’t like it here. Happy landings.
@cawreshist1019
Ай бұрын
California has a government budget problem , they can't even fix the roads. Now have no state income tax, 2 homes and a lake front , good luck staying in Comi Cali .
@BlindSquirrel425
Ай бұрын
@@cawreshist1019 sounds like you're still living here in your head.
@youngj7
Ай бұрын
@@cawreshist1019you left CA so stop thinking or talking about us dude.. You’re like that lame guy who can’t get over his ex 😂
@ashtonderojas821
Ай бұрын
Yall in California act like everything is fine and dandy when companies are leaving in droves, small businesses are closing, Oakland is about to go bankrupt and your state is in a 55 BILLION dollar budget deficit. Quit acting like things are fine.
@Bob-cd5pp
Ай бұрын
Money Grab
@dalegereaux1863
Ай бұрын
If a grandson has been living in the house for 2 years to take care of grandma would he be able to keep the current tax rate ? Would it help if the daughter and grandson were both added to the title of the property ?
@Joe_At_Empire_Marketing_Group
Ай бұрын
If you do that, you run into some potentially serious problems. If your grandchild or daughter is added to the title, you could lose your home if either of them were sued and lost the suit! See an estate attorney to learn ways of accomplishing your goals without potentially jeopardizing your home!
@mikem488
Ай бұрын
@@Joe_At_Empire_Marketing_Group If you start fooling around with title with the grand kids. You might be causing problems with now you have capital gain problems with the kids on the death or inheritance. If it stayed in grandma name. It take the the valuation on the death of grandma for capital gain. So no capital gains. You should consult an attorney for a one hour conference.. Money will spent.
@rvirzi
Ай бұрын
I supported Prop 19 because it provided loopholes used by businesses to avoid property tax increases on transfers that had nothing to do with families. The fact that is narrowed the benefit to primary residences that were lived in by specific people after sale eliminates a lot of the loophole strategies.
@californiahandball
Ай бұрын
Prop 19, @3:49 Then if it's not your primary residence like a rental unit. Then the owner should be allowed to bring the rents to current market value! That's only fair.
@jeffarcher400
Ай бұрын
I believe there's a cap on rent increases. Yes it's not fair and they're going to get the house on the market or get the huge taxes...or both if you sell.
@vidan3018
25 күн бұрын
the way I am hearing (as a CA resident and home owner) prop 19 did exactly what it was supposed to do. Limit inherited benefits, trying to fix distorted market. Good.
@WilliamMurphy-uv9pm
Ай бұрын
No one would ever "game" the system. Yeah, right.
@SuccessForever1234
Ай бұрын
Newssss. getting that same directives from Canada’s Trudeau
@mrdiggie3321
Ай бұрын
Why should we be giving people tax breaks on their second, third, fourth homes, while all first time buyers have to pay the full tax rate? It doesn't make any sense.
@ELEVOPR
Ай бұрын
If your A Corporation and have multiple homes or if your just rich and own lots and lots of Real-estate. It's makes sense because it saves the rich and screws the poor with One home.
@toneyo4794
Ай бұрын
It’s taking about an inherited home after a death, so it’s not a second home, and the property tax then is brought to market. The real problem is the property tax overall is too high. People can’t keep the inherited home due to the higher tax rate.
@ELEVOPR
Ай бұрын
@@toneyo4794 This is why Property taxes in United States need to be Abolished. It's a very unfair tax to a family that loses their parents in an accident and the kids have to sell the home because they cannot afford to live there after home is paid off because of taxes. Or an older person that has little income is forced to be homeless or live in an old age home where Tax Payers pay millions to keep her till she passes but won't Abolish her taxes. Insane how Corporate America keeps on screwing us. Not taxes on your first home or the home you reside in.nIts not that hard.
@BackyardBeeKeepingNuevo
Ай бұрын
Thank you Ms. Ward. This is exactly the information that I needed when I consult with my estate planner.
@ProbateandTrustHelp
Ай бұрын
Glad it was helpful! Thank you for watching, and commenting.
@scstudios8
Ай бұрын
My prop taxes go up over 2% every other year in CA. There are so many loopholes that they find one thing or another to say, oh, well, this happened, so we can raise it over 2% this year, and the next, and then again. Did you paint your house, OOOOHHH thats home improvement, we will raise your taxes. DId you pull a permit WAIT A MINUTE, thats home improvement, lets raise it again. Did the value of the home go up due to increased home prices, OOOOHHH MY GOD, lets raise your property taxes. Did you do a refi, F U, raise the tax.......Its a joke.
@ZekeRivers
Ай бұрын
Ours went up 11 percent this year alone - all the Bernie Sanders robots are getting what they voted for.
@willieverusethis
Ай бұрын
The reason the taxes go up is because the value of the property has gone up. What did you buy it for, and what is it worth now? I imagine it has increased in value far more than the 1% per year you are paying taxes for. In other states, you have to pay the full taxes on the actual value of the house.
@ZekeRivers
Ай бұрын
@@willieverusethis The other reason our property taxes increased is because, during covid, the federal dollars came pouring in, the Legislature started dozens of 'free' programs, and didn't have the intestinal fortitude to stop them when the federal money dried up.
@saintpreferred9223
26 күн бұрын
The joke is on you, you're living in CA. You must be a Dem.
@timeisshortppl
Ай бұрын
Father in laws home in Hemet was in a revocable living trust, he died July 2023, the home was sold in January 2024. We were shocked that the property tax for the seller was reassessed to selling price. Prop 19 sucks. It needs to be modified. What is the use of the trust , doesn’t avoid higher taxes. What would have been better than a trust?
@222mrobin
Ай бұрын
Same here, my mom died last year and we just sold the house. Her taxes were $900 a years and we got hit with a $7,300 tax bill!
@mam564
Ай бұрын
The trust saves you from the delays and expense of probate. It doesn't save you from having the property reassessed at the stepped up bases. You have to move into the home and establish it as your primary residence in order to inherit it without having the taxes raised.
@breezybird403
Ай бұрын
@@222mrobinWas that just for one year, since the residence was sold? If it is sold, the buyer takes over the tax payment, as you know.
@willieverusethis
Ай бұрын
It's always been that way. The tax basis has never transferred to a new buyer.
@jeffarcher400
Ай бұрын
It had to be in an irrevocable trust before a certain day and the government is trying to get around that now.
@tonygoulart3693
Ай бұрын
Guaranteed rental increases yearly because of rhis Prop 19. Great News for long time landlords.
@lqdxoni1
Ай бұрын
Time for a family trust
@blkcoupequattro
Ай бұрын
Not a problem moving to a location where tax is .0298 percent...
@pkicng210
27 күн бұрын
In a lot of areas in CA, the prop 13 property tax at 1% ad valorem, were tacked on another 1% to no more than 1.5% of the ad valorem when you first purchased the property. Then they calculate the new tax each year based upon that prop 13 and the Mello Roos tax. So your property TAX increases 2 to 2,5%. The idea for the MR is to encourage building (and dust). So when you buy a property for seniors to move in , the Mello Roos tax will be assessed. Now if the old house did not have a MR tax, will the new residence have one? if so 1-1.5% of the value of the new home? No wonder there is a mass exodus egress of people out of CA. I always thought that us seniors must sell our homes and when we move to another newly purchased home (has a higher fair market value than the sold home).
@frankkrupinski1764
Ай бұрын
You guys voted them in
@crapphone7744
Ай бұрын
I haven't voted for a single one of the morons currently running my state.
@ImNotCrazyImInsane
7 күн бұрын
California does not have a state-level death tax or estate tax. The state abolished its inheritance tax in 1982 and has not imposed an estate tax since 2005. However, residents may still be subject to federal estate taxes if the estate's value exceeds $13.61 million in 2024. While California does not tax the transfer of estates, the probate process can be costly and complex, potentially incurring significant fees.
@desireesakow3626
Ай бұрын
What about people who are 55 plus who own a property as their primary residence here in San Diego and then inherit a home from a parent in SD but don’t plan on living in the inherited home and renting it out, does the tax rate stay the same?
@jeffarcher400
Ай бұрын
Nope. They have to move in immediately to avoid step up and can at least keep their old house and rent it. Their kids will get the shaft unless they move in immediately after death.
@sgtlz
Ай бұрын
Gavin and the dorks in the legislature claim that this law could not be undone.
@ruthfu751
Ай бұрын
Nobody likes to pay higher taxes. However, where the funds come from? Who is going to pay for. The local school? Who is going to pay to maintain the public roads?
@maryclebeau
Ай бұрын
??? My daughter and my son in law have good jobs and have a great credit scores, however, they have been trying to buy a home, when the interest rate went up, they knew it was impossible to buy! I have a home I have in a Living Trust, with all of the laws changing, I want to leave our home to my daughter and her family when my husband and I pass away. My question is, will they be able to keep the property taxes I currently pay? Of course the raised 2% per year? And if they decide to sell it to purchase their own home with the equity in my home, will they pay taxes on that as income? Not sure of what advice to give them. We are in our late 60’s early 70’s I appreciate any and all advice and feedback. Thank you.
@youview5023
Ай бұрын
I have siblings, a brother and sister who are 10 years younger, but I believe from what this says it will not help because they are not my son or daughter..?
@KJ-zr2ko
20 күн бұрын
❤ does this also include homes in a trust passed to a child?
@lilshaz8378
Ай бұрын
Does inheriting give the heirs a stepped up value while keeeping the low tax base? Staying in the home for a year under Prop 19 rules and then you decide to sell, can you port that tax base to the new home?
@jazzfan7491
Ай бұрын
What these right-wingers (read billionaires who inherited most of their money) call the "death tax" is in fact the estate tax, and is a way of society covering some of the costs of supporting people who never sell assets. The police and fire department, plus the local school, library and park, are not free, though the billionaires would prefer not to pay.
@SolutionsTrust
Ай бұрын
dont think moving in as primary keeps same tax just allows you to deduct $1,000,000 from the assessment for the new tax value so in your bungalow example of $1.1M that is great as the assessment is $100,000 BUT say value was $3M then assessment would be $2M ... better but still not what it was under prop 13 !!! Prop 19 needs to be repealed !!!
@gabequezada2066
Ай бұрын
what if the owner moved into one of his/her non-owner occupied houses for a few years? Does that make it her new primary residence and does that abate the higher reassessment?
@ryderray2720
Ай бұрын
property tax increasing is criminal
@PDeker
Ай бұрын
Sure, lets screw the hard working people of CA because it needs more money to take care of millions of people that came in illegally. Just imagine how much this is costing us considering we have the 5th largest economy in the world and our Governor has to scoop to these low levels to help pay for it all.
@peterbedford2610
Ай бұрын
Get on title. I see it all the time
@robertkarp2070
Ай бұрын
We can all thank Gavin Newsom for that, now you know why so many people are leaving California than there are moving in.
@matthewmarkiewicz4056
Ай бұрын
Don't ask me what I want it for (Ah, ah, Mr. Wilson) If you don't want to pay some more (Ah, ah, Mr. Heath)
@jeffarcher400
Ай бұрын
Glue the pennies on your eyes.
@cptr
Ай бұрын
Excellent!! So glad that they are finally taxing inherited wealth
@Derek_Wong
Ай бұрын
If I place my mother into assisting living facility and she passes, do I as the child/property still under prop13?
@maneki9neko
Ай бұрын
Useful.
@ProbateandTrustHelp
Ай бұрын
Glad you think so!
@brocluno01
Ай бұрын
Our son is deceased. Can his daughter inherit and move in for one year to keep the Prop 13 benefits ?
@urshuwyler8509
Ай бұрын
Hi what are the taxes after passing with a trust when are no taxes in a mobile home just Dmv fees? Txs urs h
@ProbateandTrustHelp
Ай бұрын
I suggest speaking with a tax advisor to get a clear idea of this, as I don't handle mobile home sales. Thank you for watching and commenting.
@toasgreece
Ай бұрын
All of Californias empty houses are a problem for inventory and affordability.
@ProbateandTrustHelp
Ай бұрын
We really don't have very many empty houses in San Diego and we still have low inventory.
@toasgreece
Ай бұрын
@@ProbateandTrustHelp in Santa Cruz there are many
@jeffarcher400
Ай бұрын
That's why they let squatters break in and stay. Keep it rented or you could lose everything.
@user-ki1gu2ut8t
Ай бұрын
Does the tax go up after a child stays in the property for a year? Or is that the only thing someone has to do? I think over one million it's moot. So I'm asking if before it hits a million.
@MarcMallary
Ай бұрын
Thanks.
@empressnampreti1174
Ай бұрын
What is this band in the background playing? I can’t barely follow what you’re saying.
@ProbateandTrustHelp
Ай бұрын
thanks for letting us know, we will adjust in future videos.
@georglimiux677
Ай бұрын
Ef Kalifornia. no wonder theres so many homeless...
@gettingseriousgettingolder3011
Ай бұрын
What happens if the person/child moves out after a year. Does the property get reassessed then.
@jeffarcher400
Ай бұрын
Yes
@jimba6486
28 күн бұрын
Property Tax was created a 1000 years ago by William the Conqueror (first British King), or as I know him, the King of Feudalism. Let that sink in for you.
@kevinwiechmann787
Ай бұрын
they will tax you for thinking very soon and still won’t be able to balance a budget !
@colt10mmsecurity68
Ай бұрын
I thought prop 13 put a 1% cap on property tax, not 2%. Am I wrong?
@jeffarcher400
Ай бұрын
Prop 19 was a sneaky way to destroy prop 13.
@lamont5050
Ай бұрын
Blame Newsome and the democratic party in Cali.
@nitahiltner3348
Ай бұрын
What happens after a year?
@Lokie-cd2hw
Ай бұрын
Why do property taxes have to be so excessive in California? Who is getting the benefit of these high taxes?
@snoopyloopy
Ай бұрын
Property taxes are excessive in California?
@BlowitAllUp
Ай бұрын
Not the taxpayers that’s for sure.
@lettruthprevail9820
Ай бұрын
It was not clear to me. Do they have to move in for a year before the person dies or after?
@jeffarcher400
Ай бұрын
Forever.
@cvcoco
Ай бұрын
Do you deal with capital gains issues too?
@ProbateandTrustHelp
Ай бұрын
I'm sorry, do you mean me specifically, or the state of california?
@cvcoco
Ай бұрын
@@ProbateandTrustHelp I mean you. We should probably have a conversation asap.
@LWRC
Ай бұрын
This is what liberal insanity has done to people of Kalifornia!!!
@RichFlemingRealtor
Ай бұрын
What's insane about this?
@timeisshortppl
Ай бұрын
@@LWRC I agree with you, it’s commiefornia now. I am a 75 yr old native. These bleeding heart liberal tack on junk to bills and the general population has no idea. Prop 19 needs a reform.
@moorefacts6605
Ай бұрын
Read it and weep MAGA; The states with no state estate tax as of mid-2023, are Alabama, Alaska, Arizona, Arkansas, California, Colorado, Delaware, Florida, Georgia, Idaho, Indiana, Kansas, Louisiana, Michigan, Mississippi, Missouri, Montana, Nevada, New Hampshire, New Mexico, North Carolina, North Dakota, Ohio, Oklahoma, South Carolina, ..
@elbi2347
Ай бұрын
@@moorefacts6605 how idiot can you be. You clearly don't watch the video
@willieverusethis
Ай бұрын
It's pretty reasonable for people who inherit property to have to pay the same property tax as someone who buys it.
@marthar6491
Ай бұрын
If you are inheriting a house free and clear, paying extra property tax is not that burdensome
@michellejoy6752
Ай бұрын
What if you add a adult child’s name to the title that is not residing at the property? Would this enable the kids to keep the taxes at the original amount?
@ProbateandTrustHelp
Ай бұрын
Michelle, good question...again, I would reach out to the SD county tax assessor for accurate information. I'd also be cautious about adding just one of the potential beneficiaries to the deed.
@willieverusethis
Ай бұрын
Adding a child could spark a reassessment while you are living there. I'd be very careful.
@michellejoy6752
Ай бұрын
@@ProbateandTrustHelp true, even though my three kids are best friends to this day (36,38, and41). Some families will cut each others throats in these matters, but with my kids, if I only put one name down with a verbal understanding it goes to all three, I can see hurt feelings as to why mom chose the one child’s name over the other 2. I would rather avoid that. Thank you for your kind reply
@jumperstartful
Ай бұрын
@@michellejoy6752 Believe me everything changes when there is a will!!!
@michaeltobin2172
Ай бұрын
"Death Tax" huh. It is property tax that changes with ownership and property value. Freezing the rate with Prop 13 was the original error, not that the idea was bad, just not well thought out, and not sustainable.
@viffer94
Ай бұрын
I voted against this proposition back in 2020 but I suppose people are stupid and like to pay thousands of dollars in extra property taxes every year.
@michaeltobin2172
Ай бұрын
I (and most of us) do pay those high taxes because my father didn't buy the house back when taxes were low...so how is that stupid?
@user-rh9vb7nj1f
Ай бұрын
Let’s tax lawmakers every time they take dump in the toilet.
@user-py1jt2gi5s
Ай бұрын
Talk about stealing from the deceased wishes the government has no shame
@costcontrolaccounting4613
Ай бұрын
Leaving a state of madness seems like the sane thing to do.
@pamcampbell6991
20 күн бұрын
I'll never vote for Neusome again because of Prop 19.
@jamesmeegan9284
Ай бұрын
Once upon a time, 1400AD, there was a King and sent His Constubal out to collect Taxes. However, the citizens didn't have enough to satisfy the King. So, the King sent out His Constubal again, but this time He told the Constubal to take the farmer's Pig. The farmer replied; "if you take my Pig...I will not be able to feed the King." The Constubal being concerned said; "what?" The farmer explained that the Shit Sandwiches that He has been feeding the King...come from the PIG😂😂😂😂😂😂😂😂
@sheldoninst
Ай бұрын
You never mentioned what happens if the property loses value!!
@michaelmaas6460
Ай бұрын
When that happened to me I applied for and got a tax reduction.
@sheldoninst
Ай бұрын
@@michaelmaas6460 I certainly hope so, but unfortunately one has to go and make the request and *hope* the govt agrees and complies.
@mikeysauce393
Ай бұрын
Kim is verry pretty. Thanks
@altonjackson855
Ай бұрын
Great info but you took way too long long to get to info that people need gotta go
@susanlovesjava4961
Ай бұрын
You know just enough to be misleading.
@AmericanPatriot-1776
Ай бұрын
The background "music" droning on in the background of your video was horrible. I couldn't get past the first minute before getting frustrated.
@ProbateandTrustHelp
Ай бұрын
thank you, I'll remember that when editing our videos in the future.
@michaelmaas6460
Ай бұрын
On no, someone who gets a property for free is going to have to pay the same property tax as someone who buys it with their own hard earned money? How faIr is that?
@billjacobi9764
28 күн бұрын
PROPERTY PAID IN FULL SHOULD NEVER BE TAXED. RIDULOUS.
@godfreydsouza3741
Ай бұрын
Newsom is doing good. 😢😢😢
@mikegarrens5286
Ай бұрын
In life nobody rides for free!!!!
@jessicamasonsonneborn4864
Ай бұрын
This is one of the reasons I don’t like in California anymore!!!!!
@BlindSquirrel425
Ай бұрын
Yikes!
@od1452
Ай бұрын
Why are you talking about others states ... this could have clear and easy..
@nickthinkpainting1978
Ай бұрын
It still baffles me how California doesn’t have more homelessness…Crazy tax , regulations, anti business….
@willieverusethis
Ай бұрын
Prop 13 protections have made middle class homeowners in CA into millionaires. We pay less in property taxes than just about anyone else in the country, and our property values have skyrocketed, making us rich.
@nickthinkpainting1978
Ай бұрын
@@willieverusethis no shit that’s the first time I ever ever heard that. Certainly not from the friends I have who live there. 🤔🤔
@snoopyloopy
Ай бұрын
Probably because the fearmongering spewed by certain media outlets isn't accurate.
@briangarnier5714
Ай бұрын
Washington has a 1% land tax without a prop 13 and they have no state income tax. People vote in special assessments that can go up into the 1000's.. currently l pay am extra 1000 dollars a year on top of my land taxes. I don't know how eashington does it but prop 13 isn't the problem.l voted against it because it included property that corporations owned. I don't think the7 should have been included. There are plenty of states with liw land taxes and they do fine. And yes you can point out some red states that tax low but they also offer very little help to their peopel either, so stop now.
@o.b123l7
Ай бұрын
"Why do we have to pay to live on a planet we were born on?" - Alex Collier
@fattyjaybird7505
Ай бұрын
Cant pay your high property taxes? Now youre homeless, which is now 'illegal'?
@mitchellsmith4601
Ай бұрын
Proposition 19 was put into law, as all California propositions are, by voters, NOT the legislature. This is one more argument against democracy: the people did this, not their elected representatives.
@michaeltobin2172
Ай бұрын
Or is it an arguement for democracy? Why should the family have discounted taxes forever compared to other people who buy homes in the current market? Mostly they turn them into short-term-rentals anyway. Prop 19 makes the field a bit more level if they aren't going to continue living in the house, or at least uphill the same for all.
@akshonclip
Ай бұрын
@@mitchellsmith4601 You both have no idea how the rental market works. Tax increases get passed onto renters.
@michaelparks5669
21 күн бұрын
you need to sell your home and leave California as I did. The state has become a nightmare to live in.
@thefngrinch
Ай бұрын
Newson for president, let's bring California policies to the whole nation!
@BSLO48
Ай бұрын
Yes, it would be nice for all the states to have the wealth that California has. Teslas everywhere you look and crowded clubs and fine restaurants. California, the 4th largest economy in the world. It is not easy to manage a giant diverse state where one out of eight American citizens live, 40 million people. The vast majority of California's population is doing very well. We are overpopulated so I'm happy that the other states will be sharing more of the country's population.
@territepper2779
26 күн бұрын
Intentionally complicated theft.
@richardfleming2850
Ай бұрын
Why should those that inherit a property they don't live in and did nothing to earn, inherit a low property tax basis?
@timeisshortppl
Ай бұрын
@@richardfleming2850 it’s called an inheritance. You must be a tax guy. The new owner should have taxes set at the new selling price, with prop 19 the seller ( trustee or for the heirs) shouldn’t have to pay tax on current sales price. Look at prop 19. It’s a bad bill.
@jerryf6581
Ай бұрын
Why should the government even tax our properties?
@timeisshortppl
Ай бұрын
@@jerryf6581 Bingo
@RichFlemingRealtor
Ай бұрын
@@jerryf6581 ... what are the acceptable things for government to tax in your opinion?
@RichFlemingRealtor
Ай бұрын
@@timeisshortppl ... you're inheriting the property. From a policy perspective, what's the benefit of allowing inheritors to keep a low tax basis on a non-primary residence? Prop 19 isn't a bill. It's a law.
@albertinsinger7443
Ай бұрын
California used to be paradise back 50 years ago. Now I live out side the US in an other Paradise, low taxes, no weirdo woke stuff, stable prices, people nice , Republican, and lots of freedom.
@IntuitiveInterpretations
28 күн бұрын
El Salvador ? Hungary?
@albertinsinger7443
28 күн бұрын
@@IntuitiveInterpretations none of those. I am not telling anyone. Else they will come and ruin the place.
@dianeorrleflang
25 күн бұрын
I understand 100%
@dkorb2739
Ай бұрын
If your taxes are too high; lower them Otherwise stop giving a select few loopholes to lower them
@seamac7564
Ай бұрын
Another scam and tax on something that's already been taxed....
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