duvybug
Nov 9, 2008, 01:33 PM
Hi, This is my 1st post so TY for any help. I'm in Calif. & wondering if there's a way to maintain the Prop 13 property tax level if a child inherits a house. There is a trust & I'm there only child inheriting the home. Thanks for any help, db
ebaines
Nov 10, 2008, 07:03 AM
Yes - you need to file an "application for exclusion from reassesment" - see:
Assessor - Preserving Your Proposition 13 Base Year Value (1) (http://www.co.napa.ca.us/GOV/Departments/DeptPage.asp?DID=11700&LID=414)
This web site is specifically for Napa Valley, but I'm sure you can find specifics for your county via a Google search, or call the coubty tax assessor.