The Motley Fool Discussion Boards

Previous Page

Financial Planning / Tax Strategies

URL:  https://boards.fool.com/prop-13-limits-annual-real-estate-tax-increases-22656635.aspx

Subject:  Re: A Different Kind Of Rental Property Question Date:  6/23/2005  1:31 AM
Author:  vkg Number:  79784 of 132183

Prop 13 limits annual real estate tax increases. Resurfacing existing roads would likely be a repair and not subject to reassessment.

Are you certain that you are not going to receive a real estate tax bill for the value of the home? A relative was looking at mobile homes a few years ago. At the time "older" mobile homes were registered with the DMV. They paid annual registration fees. Newer mobile homes were assessed as real property. The home owners and not the land owners are responsible for the property taxes on the mobile homes. Laws could vary by county.

Debra
Copyright 1996-2021 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us