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Proposition 13 (officially named the People's Initiative to Limit Property Taxation) is an amendment of the Constitution of California enacted during 1978, by means of the initiative process, to cap property taxes and limit property reassessments to when the property changes ownership, and to require a 2/3 majority for tax increases in the ...
As a real estate investor, you have a few options to avoid paying capital gains taxes when selling your land. Some of these options allow you to keep the proceeds, while others reduce your taxes ...
Other options such as refinancing, a short sale, alternate financing, temporary arrangements with the lender, or even bankruptcy may present homeowners with ways to avoid foreclosure. Websites which can connect individual borrowers and homeowners to lenders are increasingly offered as mechanisms to bypass traditional lenders while meeting ...
Investing in property can be lucrative, but it can also require a lot of research to do it successfully. In addition to understanding local laws and regulations, you'll have to factor in all of ...
Credit cards. Credit cards can work fine for smaller improvements, but watch out for high interest rates. Consider using a 0% intro APR credit card to pay for expenses so you can make the most of ...
In 2002, a California appellate court held that an in-lieu franchise fee for water, sewer, and refuse collection services was a "property-related" fee subject to Article XIII D. [141] Also in 2002, another California appellate court held that a stormwater drainage fee imposed on developed parcels was a "property-related" fee subject Article ...
Legalizing medical marijuana under California law. Proposition 218 (1996) Passed: Right to vote on local taxes; assessment and property-related fee reforms; initiative power expansion in regard to local revenue reduction or repeal. Constitutional follow-up to Proposition 13 (1978). Proposition 22 (2000) Passed, then declared unconstitutional
Adverse possession is a legal concept that occurs when a trespasser, someone with no legal title, can gain legal ownership over a piece of property if the actual owner does not challenge it within ...