California
Question
property tax in california?
suppose a parent owns a house worth $600k and pays $1k in property taxes each year and passes away. the child inherits this house because it was signed over to him/her. does the child pay $1k in property taxes each year just like the parent?
2 years ago - 1 answers
Best Answer
Chosen by Asker
Yes...be sure to complete the parent-child exclusion form (excludes you from a reassessment) and/or let the county recorder & assessor's office know the relationship between the prior and current property owners...
by Star
2 years ago
Asker's Rating: 