Property Tax – What Happens After Death

Let’s talk about property tax. What happens specifically to your assets after you pass away in terms of property taxes, not about anything else, we don’t care about capital gains tax right now, we’re not talking about probates but we’re talking about just your property tax.  Well, the general rule you should know is that property gets reassessed when there is a death. So if someone passes away and moves to another person’s hands, you are now stuck with a reassessment. And that reassessment could be huge, especially if you bought it in the 70s or 80s or 90s because.

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