Manhattan Beach Real Estate Tax Resources and Helpful Links

Whether you plan on living in your home forever, or you are interested in real estate simply as an investment, knowledge about the tax implications and benefits is critical. Know how real estate tax laws impact you can save you thousands of dollars. Some of the more common tax situations are included below. These are just references and a qualified CPA should always be consulted.

Homeowners Exemption
Property value reduced by $7000 a year

Capital Gains Tax Information
Pay no Capital Gains up to $500,000 every two years

Common Ways of Holding Title
How You Take Ownership is a very important decision

Property Taxes
Know the Tax Schedule

1031 Exchange Information
Defer capital gains taxes on income property

Prop 60/Prop 90 Information
One time transfer of current property tax base for
homebuyers over 55

Prop 58 and 193 
Reassessment Exclusion for Real Property Transfers:
Between Parent and Child
or Grandparent to Grandchild

Prop 13
General Info on Property Tax in California

Prop 8 - Property Tax Reduction
Temporary reassesment and reduction of property taxes in 
down real estate market.

IRS FAQ's