Tag Archives: Real estate and taxes

California Property Taxes and Proposition 13

Property tax law in California is set forth in the state constitution.  Determination of property taxes is based around Proposition 13, a 1978 voter initiative that took the power of setting the property tax rates away from state legislators.

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Income Tax Benefits for Home Owners When Selling

According to U.S. income tax law, home owners have a possible capital gains exclusion from income tax on the sale of their “main home” – and can protect the gain on if they have lived at the “main home” for 2 out of the … Continue reading

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