Re:“Your monthly rent .. shall increase from $2145 to $8900”
by BashiBazouk on Sunday March 15, 2015 @09:24PM
(#9209152)
Zillow has it going up in tax last year from $1,500 a year but it hasn't been sold since 1976. Either the sale is slow to show up or someone just inherited the house without a trust. In which case getting the renters out and selling is not surprising.
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Re:“Your monthly rent .. shall increase from $2145 to $8900”
by cowsandmilk on Sunday March 15, 2015 @10:20PM
(#9209382)
I'm not an expert on California law, but the property changed hands on 12/30/2014
Grantor: SHUKRY & VERA LAMA RVC LVG TR Grantee: LAMA NADIA V
Re:“Your monthly rent .. shall increase from $2145 to $8900”
by spiralpolitik on Sunday March 15, 2015 @10:40PM
(#9209469)
Simply way around Prop 13. The property is owned by a company not a person. To sell the property you sell the company. As far as property tax was concerned the property hasn't changed hands. Profit.
Prop 13 was never about making sure Grandma didn't get taxed out of her home, it was about making sure corporations didn't pay property tax.