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Inheritance Tax
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0:30
Facebook
Los Angeles Times
31K views · 210 reactions | When Californians inherit homes, they also inherit low property taxes. The laws that allow it were meant to keep families in their homes, but many of
Los Angeles Times. . When Californians inherit homes, they also inherit low property taxes. The laws that allow it were meant to keep families in their homes, but many of those who benefit - like Jeff Bridges and his siblings - aren’t even living in the houses. https://lat.ms/2nMtXpK
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Proposition 19 has reshaped property tax rules for California homeowners. It expands property tax portability, allowing homeowners to transfer their existing tax base anywhere in the state. It also tightens rules for inherited properties, requiring heirs to use them as primary residences. #Proposition19 #PropertyTax #CaliforniaRealEstate #Homeowners #Inheritance #Prop13 | MaYa Team Inc. | Facebook
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