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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by Benjamin J. Smith | Jan 14, 2019 | Real Estate, Recent Case Decisions | 0
Durante v. County of Santa Clara Facts: Two property owners hold a 50% interest in a property as...
Read Moreby Nicole Jessen | Oct 16, 2013 | Real Estate, Recent Case Decisions | 0
A mother and son held title to real estate as joint tenants. When the mother died, the son became the sole owner. The son created a joint tenancy in the property with a sibling. Later, the sibling severed the joint tenancy vesting by deeding the real estate to themselves as a tenant in common with the first sibling. The county tax assessor determined a change in ownership occurred and sent the sibling a tax bill.
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