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You need to file a Propositon 58 with the Assessor's office. This is an exclusion for reassessment when the transfer of the real property is between parent and child. To get the full exclusion you must file within 3 years of the tranfer/recoradation, otherwise the exclusion would begin with the current fiscal year.
What else can I help you with?
Can flood insurance be purchased for rental income property?
Yes, for residential rental property, flood insurance can be purchased up to $250,000 or the replacement cost value of the property, whichever is lesser.
Are property taxes tax deductible in California?
Yes, property taxes are tax deductible in California.
Is property tax deductible on California taxes?
Yes, property tax is deductible on California state taxes.
Are property taxes deductible in California?
Yes, property taxes are deductible in California for state income tax purposes.
Can you deduct property taxes in California on your tax return?
Yes, you can deduct property taxes in California on your tax return.
Is it community property if the inherited property was not in a community property state?
Inherited property is not generally considered community property. However, if the property is located in another state, the property laws in that state govern. For example, California is a community property state. If the married couple from California inherited land in massachusetts, that land would not be held as community property since Massachusetts is a separate property state. If the California wife purchased property in her own right in massachusetts it would not become community property of the marriage. Massachusetts law would govern the ownership of the property.
If property is purchased in your husbands name only is it considered community property?
If the property was purchased during the marriage it is community property if you live in a community property state.
What is the math definition of Negative Exponent Property?
property of negative exponents
My husband and I each purchased land in California. We live in another state. The properties are about to go into foreclosure. Which states foreclosure laws will apply?
Foreclosure laws typically apply based on the location of the property, so in this case, California's foreclosure laws would likely apply to the properties you both purchased in that state. It's important to consult with a legal professional in California to fully understand the implications and processes involved in the foreclosure proceedings.
Do you have to admit that you were divorced on a marriage license application?
Yes, you have to be honest when filling out the application. It has legal ramifications on property and inheritance rights.
Can you give your property back to the bank?
Visit the lender and find out how to make this happen. It may have tax ramifications, but there should be a process.
How does one get a release of liability?
One gets a release liability when property is newly purchased by someone. When the property is purchased the release liability ensures that the owner of the property will pay of debt.
Can your husband's ex-wife obtain property you purchased before your marriage?
No. In all states, the property cannot be taken if it was purchased before the marriage.
Can flood insurance be purchased for rental income property?
Yes, for residential rental property, flood insurance can be purchased up to $250,000 or the replacement cost value of the property, whichever is lesser.
Can a person place alien on a home for child support after the property has been purchased?
If you mean, after the obligor has purchased the property, yes. If you mean, after the obligor has sold the property and no longer holds title, no.
What happened to Corporate Property Investors?
Simon Property Group purchased Corporate Property Investors in 1998
When was Corporate Property Investors sold?
Simon Property Group purchased Corporate Property Investors in 1998
