[XBoxBoy]

[quote=jpinpb]There are few people who are paying low property taxes, especially after this last bubble.[/quote]

Not true. Here in La Jolla there are lots of people with tax basis that is a tenth of what their neighbors is. Several people on our street are original owners who paid 8-12k for their places. Their neighbors are paying taxes on a basis of 1.5 to 2.5 mil. I find that hardly a fair distribution of the tax burden.

[XBoxBoy]

[quote=jpinpb]There are few people who are paying low property taxes, especially after this last bubble.[/quote]

Not true. Here in La Jolla there are lots of people with tax basis that is a tenth of what their neighbors is. Several people on our street are original owners who paid 8-12k for their places. Their neighbors are paying taxes on a basis of 1.5 to 2.5 mil. I find that hardly a fair distribution of the tax burden.

[XBoxBoy]

[quote=jpinpb]There are few people who are paying low property taxes, especially after this last bubble.[/quote]

Not true. Here in La Jolla there are lots of people with tax basis that is a tenth of what their neighbors is. Several people on our street are original owners who paid 8-12k for their places. Their neighbors are paying taxes on a basis of 1.5 to 2.5 mil. I find that hardly a fair distribution of the tax burden.

[XBoxBoy]

No surprise here. The owners have filed suit for $500,000. Welcome to California, the worlds most litigious state.

http://www.nctimes.com/news/local/sdcounty/article_7c9032a1-d35a-5901-b442-b715ab5991cc.html

[XBoxBoy]

No surprise here. The owners have filed suit for $500,000. Welcome to California, the worlds most litigious state.

http://www.nctimes.com/news/local/sdcounty/article_7c9032a1-d35a-5901-b442-b715ab5991cc.html

[XBoxBoy]

No surprise here. The owners have filed suit for $500,000. Welcome to California, the worlds most litigious state.

http://www.nctimes.com/news/local/sdcounty/article_7c9032a1-d35a-5901-b442-b715ab5991cc.html

[XBoxBoy]

No surprise here. The owners have filed suit for $500,000. Welcome to California, the worlds most litigious state.

http://www.nctimes.com/news/local/sdcounty/article_7c9032a1-d35a-5901-b442-b715ab5991cc.html

[XBoxBoy]

No surprise here. The owners have filed suit for $500,000. Welcome to California, the worlds most litigious state.

http://www.nctimes.com/news/local/sdcounty/article_7c9032a1-d35a-5901-b442-b715ab5991cc.html

[XBoxBoy]

Depending on how much you want to invest, most short term bonds (3-6 months) are paying less than you can get from FDIC insured savings accounts.

You can get 1.3% from American Express personal savings and 1.10% from DollarSavingsDirect.com.

[XBoxBoy]

Depending on how much you want to invest, most short term bonds (3-6 months) are paying less than you can get from FDIC insured savings accounts.

You can get 1.3% from American Express personal savings and 1.10% from DollarSavingsDirect.com.

[XBoxBoy]

Depending on how much you want to invest, most short term bonds (3-6 months) are paying less than you can get from FDIC insured savings accounts.

You can get 1.3% from American Express personal savings and 1.10% from DollarSavingsDirect.com.

[XBoxBoy]

Depending on how much you want to invest, most short term bonds (3-6 months) are paying less than you can get from FDIC insured savings accounts.

You can get 1.3% from American Express personal savings and 1.10% from DollarSavingsDirect.com.

[XBoxBoy]

Depending on how much you want to invest, most short term bonds (3-6 months) are paying less than you can get from FDIC insured savings accounts.

You can get 1.3% from American Express personal savings and 1.10% from DollarSavingsDirect.com.

[XBoxBoy]

[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.

[XBoxBoy]

[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.

[Author]

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