Can a trust itself acquire and convey interests in real property? No. The living trust is an arrangement between a trustee and a trustor; only the […]

How do I determine if the replacement property is of “equal or lesser value” than the original? This depends upon the timing of the purchase or […]

I think that the sale of my residence may qualify for this benefit. How do i apply? You must file a claim with the assessor, who […]

What are the conditions that need to be met in order to qualify for the exclusion? Both properties must be located in the same county, unless […]

What do Mello-Roos taxes pay for? Mello-Roos taxes are generally used for facilities and services relating to new growth and ongoing community needs, such as police […]

How long does the tax stay in effect? The tax remains in effect until the principal, interest, and tax collection costs on the bonds are paid […]

Are the assessments governed by Proposition 13’s tax limits? No. Local governments are severely restricted from financing public capital facilities and services by increasing real property […]

Important Information Proposition 58 applies to transfers occurring on or after November 6, 1986. Proposition 193 applies to transfers occurring on or after March 27, 1996. […]

How Grandchildren Are Defined Under Proposition 193, the same relationship requirements for children apply to grandchildren, step-grandchildren and grandchildren-in-law. However, the parents of the grandchild(ren), who […]