Posted on: 13th Aug, 2009 11:18 am
my dad signed a quit claim deed for me a couple of months ago. now he tells me that the house won't have the same homestead exemption that it had before and that the taxes are going to increase. will the taxes increase a lot? i'm 35 yrs and he is 85 yrs.
all depends on the exemptions, if you look up your tax info in the county records, most are available online. it will list the exemptions that had been applied to the tax history. all you have to do is add the total taken off to your bill and you will know. Call your local tax office to see if you qualify for anything yourself. :)
Hi Ximena!
Welcome to forums!
The taxes may increase. After the property is transferred to you, the property value will be assessed and the taxes would depend on that. You need to contact a tax assessor and take his opinion in this regard. He will be able to help you in best way in this regard.
Sussane
Welcome to forums!
The taxes may increase. After the property is transferred to you, the property value will be assessed and the taxes would depend on that. You need to contact a tax assessor and take his opinion in this regard. He will be able to help you in best way in this regard.
Sussane