reassessment | firsttuesday Journal

Is the owner of a property used for sporting events entitled to an exclusion from assessed value an allocation for future functional obsolescence?

by David Swistock | Aug 29, 2023 | Appraisal, Bay Area, Laws and Regulations, Real Estate, Recent Case Decisions | 0

Joaquín Torres v. San Francisco Assessment Appeals Board No. 1

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?

by David Swistock | Jul 5, 2023 | Buyers and Sellers, Laws and Regulations, Recent Case Decisions, Tax | 0

290 Div. (EAT) v. City and County of San Francisco

Brokerage Reminder: Property tax reassessment 101

by ft Editorial Staff | Jun 21, 2021 | Laws and Regulations, Real Estate, Tax | 0

An overview of transfers automatically excluded from reassessment.

Is a transfer of inherited property between siblings exempt from reassessment?

by Amy Platero | Feb 26, 2021 | Real Estate, Recent Case Decisions, Tax | 0

Bohnett v. County of Santa Barbara

Same-sex partnerships excluded from property transfer reassessments

by Oscar Alvarez | Jan 15, 2019 | Laws and Regulations, New Laws, Real Estate, Tax | 0

Some same-sex couples may reverse their property tax reassessments after a change in ownership.

Changes to payment schedules for deferred property taxes

by Oscar Alvarez | Dec 10, 2018 | Laws and Regulations, New Laws, Real Estate | 0

A.B. 3122 changes repayment schedules for property tax payment deferred due to disasters.

The votes are in: Prop 13 maintains loyal following

by ft Editorial Staff | Aug 29, 2016 | Reader Polls, Real Estate, Tax | 0

Proposition 13 (Prop 13) shows no signs of losing favor among first tuesday readers: in a recent...

Does the transfer of a property encumbered by a lease exceeding 35 years exempt the property from reassessment?

by Marissa Morton | Jun 17, 2015 | Buyers and Sellers, Laws and Regulations, Property Management, Real Estate, Recent Case Decisions | 0

A county reassesses a property after the discovery of a sale made after a lease extension. The county requires the tenant to pay the property taxes, and tenant wants a refund.

May a county assessor assess the value of spaces in a mobilehome park by deducting the value of the mobilehome from the price paid for both?

by Sarah Kolvas | Feb 27, 2014 | Real Estate, Recent Case Decisions, Tax | 0

Facts: Residents of a mobilehome park formed a nonprofit corporation and purchased the park. Each resident owned a mobilehome and the exclusive right to occupy the space through membership in the corporation. A resident later sold their mobilehome and membership interest, triggering reassessment of the space sold.

Is a parent to child property tax reassessment exemption valid if the property is later conveyed to other siblings?

by Nicole Jessen | Sep 6, 2013 | Real Estate, Recent Case Decisions | 0

Siblings received an exclusion from property tax reassessment on property transferred to them from a parent. Later, three siblings transferred their interest to one sibling. The transfer triggered a property tax reassessment, increasing property taxes.