How do I transfer my property taxes to a new house?
Friday, 09 August 2019
Question: “Is it true that if I’m over 55, I can sell my house and use the property ‘tax base’ as the tax base for a new purchase?” Answer: Under Proposition 60, if you sell a San Diego home that qualifies as your principal residence and buy another principal residence in San Diego, you can
- Published in Q&A - Home Selling Questions
No Comments
Important Property Tax Information for You
Monday, 01 July 2019
- Published in Home Buying
How to keep the low property tax assessment for an inherited property
Friday, 19 April 2019
Question: “Are propositions 60 and 90 the ones that let people who inherit property from a parent or grandparent keep the low property tax assessment?” Answer: You’re thinking of California Propositions 58 and 193. Propositions 60 and 90 allow people 55 or older to transfer their low Proposition 13 tax assessment to a new home
- Published in Q&A - Home Selling Questions
How do you transfer property and keep the same tax assessment?
Friday, 19 April 2019
Question: “Are propositions 60 and 90 the ones that let people who inherit property from a parent or grandparent keep the low property tax assessment?” Answer: It’s not propositions 60 and 90. Those allow people 55 or older to transfer their Proposition 13 tax assessment to a new home under certain conditions. You’re thinking of
- Published in Q&A - Home Selling Questions
Getting Stepped-Up Basis in Your San Diego Home
Friday, 07 August 2015
Question: “My wife inherited a home six months ago and moved in. We don’t really like the neighborhood and would love to sell and move now. But her dad paid next to nothing for the house, so we have to wait until we’ve been here two years or we’ll pay taxes on the sale, correct?”
- Published in Q&A - Home Investing Questions