Higher property taxes feared on inherited home
Confusion about capital gains, property assessment cleared up
By Benny Kass, Monday, November 12, 2007.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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