Higher property taxes feared on inherited home

Confusion about capital gains, property assessment cleared up

Inman News

DEAR BENNY: Will the real estate tax rate increase if I inherit my father's house? My dad said it might not if I take the home as a distribution. I am currently living in his house, which is under his name. My concern is that when I have the option to purchase the home, the tax rate will go up, but it may not if I inherit it by this "distribution"? Your help is appreciated. Thank you. --Lynette

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