Inheriting California Real Estate and Property Taxes? California Prop 19
If you’re about to inherit California real estate, you need to know that you might be in for a BIG property tax bill! Prop 19 changed California property taxes after inheritance! Some properties can’t avoid Prop 19, but there’s one that can potentially avoid a big property tax increase and we’ll explain, plus we run through actual calculations for the property taxes after inheritance. We cover this and more:
What happened to California property taxes before Prop 19
What happened to California property taxes after Prop 19
Are there any properties that can avoid a big increase in property taxes
How do I calculate my property taxes for a “family home” and what are the requirements
Links for more information:
https://www.boe.ca.gov/pdf/
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This is not meant to be a solicitation of a property currently under contract. This is not meant to be legal or tax advice, please consult with the appropriate professional. We are licensed to sell real estate in California (if you need help elsewhere, we can help find a good broker, let us know), CalRE # 01804983. Coldwell Banker Realty Owned by a subsidiary of Realogy Brokerage Group LLC. CalRE # 00616212.
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