Posted by david on July 22, 2002 at 18:27:49:
No, based upon these facts. You might want to look at Rev. & Tax Code Section 63.1 which discusses the exclusion for a transfer between parent and child. There is no similar exclusion for transfer between siblings.
Transferring House among Family - Posted by GIEL
Posted by GIEL on July 22, 2002 at 11:01:34:
Mother deeded over house to daughter at $0 cost,thus we were able avoid any change in property tax since house kept it’s appraised value with Assessor.
Question is if we/daughter transfers house to a sibling, do the same rules apply? Can we transfer at $0 and still have zero impact on property tax.
Live in California.