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Ownership
Is the property eligible for a reassessment exclusion if it is inherited from a grandparent?
  In some cases, yes. Transfers from grandparent to grandchild(ren) are eligible for reassessment exclusion only if all the parents of the grandchild, that qualify as children to the grandparent, are deceased. In order to receive an exclusion, the Claim for Reassessment Exclusion for Transfer from Grandparent to Grandchild (Own-143) must be filed with our office within a specified time frame. Click on Reassessment Exclusion for Real Property Transfers From Grandparent to Grandchild for more details.
 
  Posted by Website, Tuesday, September 16, 2008

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