California Proposition 58 & 193– Transfer of property tax basis from Parent to Child, Grandparent to grandchild. To learn more about this, please see the attached article.
Thinking about buying a property that is being sold by an estate in Probate? The process is slightly more complicated than purchasing a home from a seller. The property must be approved by a court and can be overbid in an auction process. For more details, please see the attached article.
California Propositions 60, 90 & 110 – Transfer of property tax basis for 55 years olds and those who are disabled. Please check out this article for more detail and to see if you might qualify for transfering the tax basis of your current home if you move into a home of equal or lesser value. This is especially helpful if you have been in your home for a long time and have a low tax rate.