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Updated over 6 years ago,
Private sale to living trust Property Tax Reassessment Concern.
Would like to buy direct from other owner (No Real Estate Commission) with living trust money's but need to hold property in living trust not my name or get hit with high property taxes increases. No loans or refinance (Private money) so all rents are our own. Need to preserve property tax assessment and have no need to borrow. Can a new property be purchased within existing living trust without new assessment on transfer?