Property Tax Reassessment

You Can Leverage Your Parent-Child Exclusion from Property Tax Reassessment By-Kenneth Ziskin

ince the adoption of Proposition 13 in 1978, many long-time income property owners have benefitted greatly from property tax assessments that have grown more slowly than market values.  This has given them property tax savings frequently equal to 20-30%, or more, of cash flow before property taxes.   However, when you pass that property to heirs,…