In recent years, I have noticed a couple of related trends in my real estate law practice with regard to transfer taxes and property tax reassessments. First, county tax assessor’s offices and recorder’s offices have become more aggressive with the transfers they characterize as taxable events, in an apparent effort to augment their counties’ bottom lines. Second, in a clear … [Read more...] about Bypassing reassessments and transfer taxes
Property Tax Assessment
How to lower your real property tax assessment—at least for now
Summer's here, and the time is right for..." Dancing in the streets? So the song says, but there’s something else: Real property tax assessment appeals. If you own real estate, you may already be thinking about this subject as the result of a mailing you will have received from the Assessor's Office notifying you of the assessed value of your property. Ever since the … [Read more...] about How to lower your real property tax assessment—at least for now