Prop 15: The latest ballot measure to limit Prop. 13 tax rules
Prop 15 would split roll the state’s property tax, subjecting commercial property owners to billions in additional taxes each year.
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Tag: property tax
Brokerage Reminder: Prop 13 – transactions excluded from reassessment
This week’s Broker Reminder looks at Prop 13 and transactions excluded from reassessment.
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The unequal property tax burden on Black and Latinx households
Black and Latinx households pay higher property taxes. Why? And how does this impact California’s housing market?
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Same-sex partnerships excluded from property transfer reassessments
Some same-sex couples may reverse their property tax reassessments after a change in ownership.
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Does the granting of a life estate constitute a change of ownership which triggers reassessment?
Durante v. County of Santa Clara Facts: Two property owners hold a 50% interest in a property as...
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Californians seek to move to low-tax states
Home searchers are taking a hard look at taxes.
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Additional homeownership costs highest in California
Property taxes and homeowners insurance are the biggest homeownership expenses.
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Can energy systems be separated into solar and nonsolar components for property tax purposes?
Luz Solar Partners Ltd., III v. San Bernardino County Facts: An owner improves their real estate...
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2018 tax changes
2018’s tax changes in California and beyond, explained.
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When tax reform passes, some Californians will move to cheaper states (so they say)
One-third of Californians say they will move out-of-state when the tax bill passes.
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(Somewhat) addressing housing concerns, Senate passes tax reform package
The tax code will look very different in 2018, especially as it relates to housing.
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Proposed tax code changes shake the housing market
Federal lawmakers are poised to alter the face of the real estate market in 2018.
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Counties may decide a property tax is not a lien
A county board of supervisors may now pass an ordinance to decide property tax is not a lien.
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Brokerage Reminder: Escape assessments – when the purchase price is not market value
Here’s what to do when you receive a Notice of Proposed Escape Assessment.
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Schools create long-term complication for home prices
Turns out, communities with good public schools aren’t just attractive to parents.
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How to fix the home price-income imbalance
The middle class suffocates under taxes Advances in the realm of economics don’t often make the...
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Is a taxpayer required to exhaust administrative remedies before claiming a refund of taxes assessed on property they do not own?
A California Court of Appeals decides.
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Disabled veterans’ property tax refund window extended
Disabled veterans now have an eight-year window in which to file for a refund of property taxes paid.
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May a request to transfer the base year value of a property taken by eminent domain to a replacement property be granted outside the state’s time limitation?
An owner’s property is taken by eminent domain.
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Case in point: Is a property owned by an LLC subject to property tax reassessment when all membership interests in the LLC are transferred but no individual person or entity acquires more than 50% ownership of the LLC?
A limited liability company (LLC) owns a parcel of real estate.
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