SFGTV Government Access Programming July 13, 2024
A change in ownership means that the property has a new zoner. Maybe through a new owner. Maybe through a sale, a gift or adding or dropping names through title. At that time the home will be assessed a new market rate. That value becomes a new starting point for the property. Just like before, the Growth Continues to be limited at 2 until the next transfer happens. Remember, the new owners are responsible for paying taxes at the new level from the first day that they own it. Value might also be added when construction happens on your property. That would be another instance when growth in you...