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On November 3, 2020, California Proposition 19 passed with over 51% of the 15 million votes cast. Taking effect on April 1, 2021, the passage of Proposition 19 ushers in an unprecedented tax benefit for Californians aged 55 years and older. As you may recall from our earlier blog post “California Proposition 19: What You Need To Know”, an individual 55 years or older can take the...
Dear Friends, Hello! Welcome to February, It's time to catch up on things. As you know, housing is one of the most important aspects of life, whether you are a homeowner or a renter. So, in this letter, I'm sharing some of the latest news to help keep you up to date. On my home front, my mom is moving to North Carolina to live with my brother this month. If you have eve...
The cost of real estate city transfer tax and documentary transfer tax in Los Angeles, California, can vary depending on various factors, such as the value of the property and location. Real estate city transfer tax is a tax the city government imposes on transferring real estate property. This tax rate varies depending on the city and the value of the property being transferred. In Los Angele...
