What is the name of your state? Florida
I have been told that when my husband dies, the condo home that is currently
in both our names will become mine alone, and will be valued for taxation at the
value prevailing on the day of death. I see that this new rate would be a good
thing for me if I choose to sell my property, from the standpoint of avoiding all
the capital gains taxes
However, it could be a nightmare in terms of my property taxes rising to reflect the
new valuation. I have been told not to worry, that property taxes are not affected by
a death of spouse valuation. Is this true?
Thanks, Pam
I have been told that when my husband dies, the condo home that is currently
in both our names will become mine alone, and will be valued for taxation at the
value prevailing on the day of death. I see that this new rate would be a good
thing for me if I choose to sell my property, from the standpoint of avoiding all
the capital gains taxes
However, it could be a nightmare in terms of my property taxes rising to reflect the
new valuation. I have been told not to worry, that property taxes are not affected by
a death of spouse valuation. Is this true?
Thanks, Pam