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Thursday, June 6, 2019

HOW TO I TRANSFER MY LOW PROPERTY TAX RATE TO MY CHILDREN?







First The Good News: Prop. 13 and 58

For Californians avoiding reassessment of real property is often a critical estate planning issue. One of the most important tax breaks my clients have in California is the ability to transfer a low property tax rate to their children.

Property tax, just to remind you is that twice-yearly tax bill you get regardless of whether or not you have paid off your mortgage.

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