Inherited a home in a trust? Watch out for property tax reassessment. A trust can avoid probate and still not protect your property taxes if you miss the residency and homeowner exemption steps. This mistake can raise taxes permanently. General info only, confirm rules with your county assessor or an estate attorney. #realestate #tax #trust
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Inherited a house in a trust? Here’s the property tax mistake that catches families off guard. A trust can help avoid probate, but it doesn’t automatically stop a property tax reassessment when ownership changes. If you’re planning to move into the home, make it your primary residence and file the homeowner or homestead exemption (often time-sensitive). Miss that window and your property taxes can reset closer to current market value. | Brandon Brotsky
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