When a California home or other real estate is sold or transferred to another person, with the exception of some limited circumstances, property taxes will increase due to triggering a reassessment of the Prop. 13 tax base. The good news is that these exemptions involve transfers and inheritances among certain types of family members. However, these exceptions are not automatic and should not be assumed. If they are not properly planned for, the property tax consequences can be disastrous. Watch to learn the common mistakes to avoid when it comes to property tax reassessments in California.
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Kevin Snyder is a husband, father, and an Orange County estate planning attorney at Snyder Law, PC in Irvine, California. He’s all about family and passionate about estate planning, elder law, and veterans. He founded Snyder Law to help families from Orange County, Los Angeles County, and Southern California plan to protect what matters most: their loved ones, their dignity, and their legacy.