What county is your house in?
Placer CountyI pay that much just for the schools. Fire dept is next and it moves on down the line.
So what is the Graduation/ literacy rate in your County? Does it match the State?
Good on your parents doing it correctly....$750...on an estimated value of $536k...in Ca...One of those propositions that works in your favor when you inherit your parents home... Can’t remember which proposition???...
Good on your parents doing it correctly.
Parent to child transfer reassessment exemption. It doesn't happen automatically, it has to be properly executed to get that exemption.
Yep, it my dads house in IL. Cook County has the highest prop tax rates in the USA. Minimum is 2%
Yep, it my dads house in IL. Cook County has the highest prop tax rates in the USA. Minimum is 2%
That’s why we stopped looking in TX, it was going to be around that for the houses we were looking at.Apx 7k for my casa in Carlsbad
The family house in IL is almost 30k
That’s why we stopped looking in TX, it was going to be around that for the houses we were looking at.
Yup. I'm in cook county. 2300 sq. Ft. $12k. And it's going up significantly in 2021.
Thank you gov. pritzker I'm out in 12 to 18 months.
Properly executed paperwork submittal to Assessor at time of transfer mostly.What is the process to do the parent/children transfer?
My guess would be have a trust and not a will would be a good start. My wife ineherited a condo in Waikiki and a waterfront home with a dock on Diamond Head. Its been a pain for her going back and forth to Hawaii and hiring attorneys for probate. She goes back next week to clean out the Diamond Head house. Waikiki condo is rented for now.What is the process to do the parent/children transfer?
My guess would be have a trust and not a will would be a good start. My wife ineherited a condo in Waikiki and a waterfront home with a dock on Diamond Head. Its been a pain for her going back and forth to Hawaii and hiring attorneys for probate. She goes back next week to clean out the Diamond Head house. Waikiki condo is rented for now.
Having it all spelled out in a trust is a worthy step so the executor of trust takes all the proper steps.My guess would be have a trust and not a will would be a good start. My wife ineherited a condo in Waikiki and a waterfront home with a dock on Diamond Head. Its been a pain for her going back and forth to Hawaii and hiring attorneys for probate. She goes back next week to clean out the Diamond Head house. Waikiki condo is rented for now.
Yep. My wife found out there were a couple wills. The"25 year old caretaker" that a 80 year former commander in the Navy fell in love with her was in the last will that luckily was never signed. The old guy was in love....Having it all spelled out in a trust is a worthy step so the executor of trust takes all the proper steps.
If you have property and assets that you want passed on and don’t have a trust, do your heirs a favor now and set one up. Hire a trust attorney and let them do it correctly.
The process to carry out your wishes after you have passed will save your heirs more time and money than you paid to set up the trust.
Nice way to not make it political.Not to turn this political but you guys paying over 10K a year, Trump really fucked you.
Not to turn this political but you guys paying over 10K a year, Trump really fucked you.
Not to turn this political but you guys paying over 10K a year, Trump really fucked you.
No, I only report bogus pro Trump shit.Did you post this and then report it?
I would think you could buy half of Illinois for over a million.
Because Illinois sucks.Why would you think that?
Not to turn this political but you guys paying over 10K a year, Trump really fucked you.
Not to turn this political but you guys paying over 10K a year, Trump really fucked you.
That's what living with Prop 13, and in the house for 20 years.$2300 here in CA.
Having it all spelled out in a trust is a worthy step so the executor of trust takes all the proper steps.
nope CA did. When CA kept raising taxes its first word was you can write this off on your fed taxes.
most states that had high taxes changed to help with the salt tax. But not CA.
Why would you think that?
Tommy,
It’s called the “soft bigotry” of low expectations. Typical liberal racist post that he didn’t even realize he’d made.
Yore back.
Not to turn this political but you guys paying over 10K a year, Trump really fucked you.
Bullshit.Wrong . Our CA SALT tax is close to $30k ( 11k property tax) Can only deduct 10k per law but the Trump tax plan lowered our overall tax burden significantly due to lower rates . You’re watching too much CNN