Retaining Prop 13 Rights/increased Inherited Property Tax

[MIKE IMAI]

What is the name of your state?California-

4 of us inherited property thru living trust.
Our loan broker said that we can refinanced to buy 1 person out, and retain 100 % shelter from prop tax increase.
I just discovered he was wrong.
We lost their share of the property tax shlelter.
We now have a property take bill that is 4 times as much!

Can we put their name back on and re- claim 100% of our prop 13 rights?

 

[Dandy Don]

You may want to consider discussing this with a tax accountant or CPA and also posting your question on the Tax Law message board.

DANDY DON IN OKLAHOMA ([email protected])