What happens with my property taxes after I transfer the property into a trust? Will they be reassessed?

This is probably the most question we get. The basic answer is, no. The assessor is not allowed to reassess your property taxes if you are simply transferring it to a trust. However, the assessor looks at this like an assessable event because there was a transfer. They want to get money when they can so they will transfer it over and reassess it. Because of this, we send a Preliminary Change of Ownership Report to them and let them know not to reassess the property taxes.

It could be different in specific situations, but 99 times out of 100 this is not the case. And if it’s going to happen we’ll have told you in advance and why.

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