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198
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부동산

Check Your Understanding-Answers

  1. When is real property reassessed? 

    Real property is reassessed every time it is transferred.
     
  2. What does Proposition 58 state? 

    Proposition 58 allows the transfer of property from one spouse to another or to children without triggering a reassessment.
     
  3. For whom do property tax exemptions exist and for how much? 

    There is a homeowner's exemption for $7,000 against the assessed value and a veteran's exemption for $4,000 against the assessed value.
     
  4. Explain the documentary transfer tax. 

    The California tax laws allow a county or city to adopt a documentary transfer tax to apply to the transfer of properties located in the county. The tax is computed on the total price paid for the property, less any assumed loans. The tax is computed at the rate of 55 cents for each $500 of consideration or fraction thereof. 
No. Subject Date Views
Notice 부동산 용어사전 2019.04.15 2372
Notice 부동산 용어 (A to Z) 2019.03.03 1601
232 Real Estate Law 5 2019.05.04 150
231 Real Estate Law 4 2019.05.04 362
230 Real Estate Law 3 2019.05.04 223
229 Real Estate Law 2 2019.05.04 617
228 Real Estate Law 1 2019.05.03 194
227 Quiz Law 1 2019.05.03 5952
226 Law 6 2019.05.03 143
225 Law 5 2019.05.03 121
224 Law 4 2019.05.03 151
223 Law 3 2019.05.03 163
222 Law 2 2019.05.03 250
221 Law 1 2019.05.02 171
220 Review Quiz - BOOK 2 2019.04.29 4920
219 Chapter 18 Conclusion 2019.04.29 1041
218 Real Estate Practice - 39 (Understanding-Answers) 2019.04.29 231
217 Real Estate Practice - 38 (Understanding-Answers) 2019.04.29 126
216 Chapter 17 Quiz 2019.04.29 301
215 Chapter Conclusion Chapter 17 2019.04.29 273
214 Real Estate Practice - 37 (Understanding-Answers) 2019.04.29 129
213 Real Estate Practice - 36 (Understanding-Answers) 2019.04.29 147
212 Chapter 16 Quiz 2019.04.29 1179
211 Chapter Conclusion Chapter 16 2019.04.29 231
210 Real Estate Practice - 35 (Understanding-Answers 2019.04.29 116
» Real Estate Practice - 34 (Understanding-Answers 2019.04.29 115
208 Chapter 15 Quiz 2019.04.29 187
207 Chapter 15: Using Real Estate Assistants Summary 2019.04.29 111
206 Real Estate Practice - 33 (Understanding-Answers) 2019.04.29 120
205 Chapter 14 Quiz 2019.04.27 626
204 Chapter Conclusion Chapter 14 2019.04.27 182
203 Real Estate Practice - 32 (Understanding-Answers) 2019.04.27 104