Property Taxes

Proposition 19 And What It Means For You

Ballot measure Proposition 19 narrowly passed in California in the 2020 election season, winning with just over 51% of voter support. A concerted two year lobbying effort by the California Association of Realtors has paid off in the end, with Proposition 19 set to become law throughout the State after the successful vote. What is …

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Tax Consequences of a Real Estate Short Sale in 2013

For many homeowners struggling with underwater mortgages in the aftermath of the housing crash, a short sale is often the best possible solution to their problems. To put it simply, a short sale is where the homeowner sells his or her property for less than what is owed on it. All the lenders have to …

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A Closer Look at Mitt Romney’s La Jolla House

The news media and political blogs have been fascinated with Mitt Romney’s La Jolla beach-front property. The home’s enormous price tag, acrimony from  his neighbors and a detailed look into Mitt’s repeated attempts to get tax cuts on the 12 million dollar property have all fanned the flames of controversy. Now that this issue is …

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