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Under Prop. 19, those inheriting a home are eligible for an exemption to reassessment for up to a $1,022,600 plus the factored base year value of the property. On home loans: How homebuyers can ...
Yes, the location is excellent, about a mile away from the proposed Google campus and the value is in the plot of land the house sits on. But the Prop 13 connection is important to the neighboring ...
The formula under current law is to take your home’s value, subtract $15,000, and then take 6.765% of what remains to get your final taxable value. The new Prop.
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