Inter-County Previously I discussed Prop 60 where a homeowner could sell a home and under certain conditions, keep their low tax assessment in the same county. This was passed in 1986. As always California taxpayers were not satisfied, they wanted to be able to sell and move to another county with their low assessment. In 1988 […]
Archive | Equity
Prop 60 and Why It Is Becoming More Important
Tax Base Transfer Proposition 60 pertains to a regulation passed in California in 1986. It pertains to someone over the age of 55 who sells a house that has a comparatively low tax assessment to the current fair market value. This is due to the restrictions placed on property tax increases by Prop 13. The homeowner […]
Equity Share; A Term You Should Know
Real Estate Goes Through Many Cycles And Techniques Change You will be in cycles where everyone is either a short sale expert, a flipper, new home seller, 1031 exchanger, rental property specialist, property manager, real-estate-owned agent, foreclosure auction buyer, 203K rehabber, or my field for many years: Syndication. There Is One Term From The Old […]