How To Deal With The California Property Tax Boom

Law360, New York (September 15, 2015, 5:27 PM EDT) -- In the world of California property tax, two lasting strategies are prudent for property owners to pursue: (1) at all times, never pay taxes on more than the market value of the property, and (2) in boom markets, do what you can legally do to avoid a change in ownership. We are finally seeing real recovery from the 2008 property crash, so — for most properties — both strategies above are applicable.

Every year, each of California's 58 county assessors is required to prepare an annual assessment roll consisting of all taxable property in their county. This year, roll values increased...

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