stacy lynch
New Member
- Jurisdiction
- California
I own a home with my sibling at 50% tenants in common. When I buy her out her 50 % of the home will be reassessed. The house is worth almost 900k. Right now its only assessed at 119,000 due to our parents and proposition. Parents are not on the deed/title. Any way to buy her out and her 1/2 not be reassessed by the property tax assessor? I was told to put the house in a trust. Any advice is appreciated.