If on paper my mother ownes half my house and she signs it over to me, will my property taxes go up?
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If on paper my mother ownes half my house and she signs it over to me, will my property taxes go up?
Asked on June 30, 2012 under Real Estate Law, Michigan
Answers:
M.T.G., Member, New York Bar / FreeAdvice Contributing Attorney
Answered 12 years ago | Contributor
Generally speaking, a transfer of ownership does not increase your proeprty taxes. Property taxes are increased for a variety of reasons such as an increase in the value of the land, improvements to the land (an extension to the house, etc.), an increase if school tax assessments, etc. Good luck.
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