How to Avoid Property Tax Reassessment When Transferring Title

Did you know that Laguna Legal specializes in making sure your client’s property taxes don’t get reassessed as a result of property title transfers.  We have been helping clients avoid reassessments since 1998.

Here are some tips that you should follow:

1) Always use a PCOR and make sure you mark the check boxes on page 1 with as many “yes” as you can.  The more yesses, the less chance of reassessment!

2) Make sure to study and use the proper R&T Codes.  A properly coded deed will help avoid property tax reassessment.

3) If a property is being transferred from an individual to an LLC, make sure the members of the LLC are the same members as the transferrer.  If a husband and wife are on title, then a husband and wife should both be on the LLC.

4) Multiple steps are helpful to avoid reassessment.  In the example above, if only husband is the member of the LLC, then the first step would be to record an Interspousal Transfer Deed removing wife from title, then the second step would be transferring the property from only husband to his LLC.  This two step process will insure that your property taxes are not reassessed.

Most of our business comes from client referrals.  If we have helped you and you know of someone who can use our assistance, we would appreciate your referral.  The highest compliment you can give our office is a referral!

THANK YOU for sending business our way!  We appreciate it and look forward to an on-going relationship with you.

There are many services we offer that you or your clients may need.  Laguna Legal is here to help you with:

• Accommodation Deeds

• Promissory Notes and Deeds of Trust

• Affidavits of Death

• UCC Filings

• Power of Attorney

• Contracts

• Corporation and LLC Filing

• Living Trust – Complete Estate Package

• Probate

• Small Claims Filing

• Divorce Mediation

• Credit Repair

We will be happy to answer any questions you have on our services and provide you with additional information. Please call our office with any questions (949) 497-9800.  We love what we do and we love helping our clients!

P.S.  If you know someone who’s had their property taxes reassessed, we may be able to help get this reversed.  Please share this post with your clients.  We receive an overwhelming amount of calls asking if a reversal can be done.