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Avoid prop 19 tax reassessment
I bought my house from my parents prior to prop 19 in CA. So we have the inherited tax rate. We want to move to a bigger home but rent out our current home. If we put our home in a LLC under my husband and I will we be able to rent it out and avoid the tax reassessment? Also, if it did get reassessed would it be at the price we bought it or at current market price?