If i'm a successor on a trust and the trustee dies and lives his property to me and in the tust it states the property is to remain a rental property for at least six years does all the property taxes remain the same over those six years that he has been paying. When does it get re-appraised?
Asked on 4/10/12, 10:32 am
1 Answer from Attorneys
Michele Cusack
Pollak & Cusack
Unless the exemption for parent/child transfer applies, the property is subject to re-assessment for property tax purposes as of the date of death of the trustor.
Answered on 4/10/12, 10:48 am
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