Client inherited a home 3 years ago and never changed title from the parent to himself. There is a lot of appreciation on the home and the son is worried that that property tax will increase by more than he can afford.

Is there a requirement to file the deed? If client files it will the assessor go back and re-assess th eproperty taxes for the prior 3 years.

According to my understanding of property taxes, the value of the land will become uncapped when there is a transfer/sale of property. I believe that the death of a person causes such a transfer which would allow the city to re-assess the property.

Thanks for your insight