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California Real Estate Q&A Discussion Forum
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Updated about 1 year ago on . Most recent reply

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Ryan Espinosa
  • Oakland, CA
5
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Seeking Property Tax professional

Ryan Espinosa
  • Oakland, CA
Posted

I've been having a hard time finding someone who would be able to advise me on a recent personal real estate transaction. I purchased a family home in CA from several family members (one of whom is my mother who gifted me her share of equity). Im trying to navigate how my tax base gets reassessed as it relates to this. 

Wondering if anyone has recs.

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Sharon Wu
  • Real Estate Broker
  • Walnut, CA
5
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Sharon Wu
  • Real Estate Broker
  • Walnut, CA
Replied

You need to talk to CPA first regarding to the income tax, gifted tax or capital gain issues.  

You might also want to find out when your mom inherited from your grandma whether she notified the county assessor office regarding to the property tax issue before you talk to your CPA. 

  • Sharon Wu
  • Loading replies...