Is a buyer entitled to a reduction from the fair market value (FMV) of a property acquired from a city when their purchase agreement included a below-market leaseback agreement?
290 Div. (EAT) v. City and County of San Francisco
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Tag: property taxes
Form-of-the-Week: Request for Notice of Mello-Roos Assessment and Notice of Your Supplemental Property Tax Bill — Forms 137 and 317
Agents use RPI Forms 137 and 317 to notify prospective buyers about the supplemental property taxes and bonded indebtedness they will receive upon transfer of ownership.
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Brokerage Reminder: “’Cause I’m the taxman, yeah I’m the taxman”
A weekly reminder to stay on top of your practice!
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Brokerage Reminder: Property tax reassessment 101
An overview of transfers automatically excluded from reassessment.
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Is a transfer of inherited property between siblings exempt from reassessment?
Bohnett v. County of Santa Barbara
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Escrow Prorations
Credits or charges in escrow for a buyer’s or seller’s proportionate share of income or expenses involved in the ownership of the property being conveyed
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How 2018 tax changes impact California homeowners
In 2017, the Republican Tax Plan made numerous changes to how everyone reports, deducts and pays...
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Tax Benefits of Ownership: Proposition 13 and the transfer of assessed value to a replacement residence
This excerpt from the forthcoming edition of Tax Benefits of Ownership delves into the basics of property taxes, 1979’s aging Proposition 13, and a residence purchased as replacement property.
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May an easement be extinguished by adverse possession when property taxes are not timely paid?
McClear-Gary v. Scott Facts: The owner of a property holds an easement over the servient property....
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Residential property tax postponement for seniors and disabled persons includes mobilehomes
Senior and disabled mobilehome owners may now qualify to postpone their property taxes.
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POLL: Is Prop 13 a regressive tax regime?
Is Prop 13 a regressive tax regime? No, leave Prop 13 alone. (75%, 63 Votes) Yes, it needs to be...
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Change the law: close Prop 13’s corporate loophole
Our proposal to amend Prop 13’s reassessment loophole.
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Proposition 13 amendment may be voted on next year
Prop 13 may undergo changes from a proposed ballot initiative.
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POLL: Is Prop 13 a regressive tax regime?
Is Prop 13 a regressive tax regime? No, leave Prop 13 alone. (69%, 52 Votes) Yes, it needs to be...
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Increasing the welfare exemption limit for property taxes
This new law encourages the creation of low-income housing units by increasing the welfare exemption limit on property taxes.
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POLL: Do mortgage interest deductions drive up the price a buyer pays for a home?
Do you think mortgage interest deductions drive up the price a buyer pays for a home? No. (58%, 43...
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Fees for partial property tax payments
Calif. Revenue and Taxation Code §4143 Amended by A.B. 2291 Effective date: January 1, 2017...
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The votes are in: Prop 13 maintains loyal following
Proposition 13 (Prop 13) shows no signs of losing favor among first tuesday readers: in a recent...
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POLL: Is Prop 13 a regressive tax regime?
Is Prop 13 a regressive tax regime? No, leave Prop 13 alone. (82%, 90 Votes) Yes, it needs to be...
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Is a recorded grant deed necessary to prove title to a property?
Can the decedent of a deceased former property owner claim title of record to a property despite the absence of a recorded grant deed?
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