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Three Sixty At South Bay

360 Real Estate and Homes for Sale in Three Sixty at South Bay, of of the premier gated communities

Three Sixty and California Tax Information and Links

South Bay Real Estate Tax Information and Helpful LinksTaxes and paperwork

Whether you plan on living in your home forever, or you are interested in real estate simply as an investment, knowledge about the tax implications and benefits is critical. Know how real estate tax laws impact you can save you thousands of dollars. Some of the more common tax situations are included below. These are just references and a qualified CPA should always be consulted.

Prop 19

This proposition eliminated and expanded some of the prior propositions noted below.  Proposition 19 is a California amendment that imposes new limits on property tax benefits for inherited family property. Under Proposition 19, a child or children may keep the lower property tax base of the parent(s) ONLY if the property is the principal residence of the parent(s) and the child or children make it their principal residence within one year.

Homeowners Exemption

Property value reduced by $7000 a year.  Find out how you can file for this exemption and lower your property tax base just a little….every little bit helps.

Aoiding Capital Gains Tax when you sell your primary residence

Pay no Capital Gains up to $500,000 every two years.  This is one of the best ways to avoid paying capital gains tax that we know of.

Common Ways of Holding Title

How You Take Ownership is a very important decision…see our chart for the various ways you can take and hold title on real estate and what it means in terms of tax and ownership consequences.

Property Taxes

Know the Tax Schedule

1031 Exchange Information

Defer capital gains taxes on income property

Prop 13

General Info on Property Tax in California

Prop 60/Prop 90 Information

One time transfer of current property tax base for homebuyers over 55.  This is the older law and replaced by proposition 19.

Prop 58 and 193

Reassessment Exclusion for Real Property Transfers: Between Parent and Child or Grandparent to Grandchild.  This is the older law and replaced by proposition 19.

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**Please note that we have no official affiliation with Three Sixty at South Bay. Our site is designed to help provide real estate information on this and other communities.

The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. (“CRMLS”) and is protected by all applicable copyright laws. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

The information being provided by CRMLS & CARETS is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CARETS, CLAW, CRISNet MLS, i-Tech MLS, PSRMLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

Any property information referenced on this website comes from the Internet Data Exchange (IDX) program of CRISNet MLS and/or CARETS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

 

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Keith Kyle – Realtor – DRE#01712785