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how to avoid property tax reassessment california prop 19

1Answers
StAutumn
11/28/2025, 07:15:17 AM

Under California’s Proposition 19, property held by an LLC generally avoids reassessment if no new individual acquires more than 50% ownership or control of the LLC. This means the underlying property retains its existing assessed value for property tax purposes. This principle was examined in the case of Ocean Avenue LLC.

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