[quote=rent4now]
As far as the tax base you are talking about…
Can you fill me in on that? I think what you are saying is there is a way to pay taxes based off what my in-laws pay instead of the higher rate I would be paying as if I was any random buyer?[/quote]
That’s the gist of it. It’s my understanding that if you do an in family transfer, (ie from your inlaws to your spouse) of the title you can keep the tax base used to compute the property taxes. Depending on how much your inlaws paid for the place that could be a very substantial savings on future property taxes. I’m not an expert, so anyone who knows more about this correct me. But before you close escrow be sure to thoroughly investigate this.
