As long as they get paid (which they will) I think they are open to all ideas in and out of the box.The property taxes are set based on a 1950’s rate and if they reset, I’ll have to pay thousands more for every year that I own the home.

Based on a quick search, I did not see any governmental agencies addressing this particular question.LA county assessor says the child must make the received property his/her primary residence within 1 year, and must file a valid Home Owners property tax exemption. 

Make sure you use net cash flow, so you are accounting for maintenance, repairs, cap ex, vacancy, and property management; based on the numbers you provided your net cash flow is probably $2k per year.

If you want to inherit former tax base from parent to child help us #FiXProp19 by #RepealTheDeathTax.

I am construction pm based in California, looking to move to South carolina(family out there is getting older).

Hey everyone so due to the passage of prop 19 in CA, my dad has transferred our SFH which is our primary residence to myself and my brother in order to preserve our prop 13 tax base going forward.

We considered the area, and I was sold based on the availability of things to do.

The price is based on multiple parameters.  

My understanding is, you can only transfer the tax base value (and not get reassessed) for one family home and not on multiple homes.

There hasn't been an appraisal ordered as of yet, so that is just based on the comps of the area.