Tag Archives: California Proposition 19

Commercial Loan Corp – Offering Free ‘Property Tax Savings Estimate & Consultation’ for Beneficiaries Inheriting a Home – Keeping Parent’s Low Property Tax Base

NEWPORT BEACH, Calif. /ScoopCloud/ -- Now that limitations and changes to CA Proposition 58 property tax breaks became active Feb 16, 2021 due to Proposition 19 - popular estate & trust lender Commercial Loan Corp in Newport Beach is offering heirs and beneficiaries inheriting a home from parents a Free Consultation & Estimate of Property Tax Savings - to keep their parent's low property tax base.

This Free Consultation for Property Tax Savings helps evaluate the benefit of a loan to an Irrevocable Trust, specifically for beneficiaries who want to keep inherited property at their parents' low property tax rate - avoiding current market reassessment. This often involves a fast buyout of siblings looking to sell their share of the same inherited property.

Families, beneficiaries, or their attorneys, who want to take advantage of Commercial Loan Corp's Free Consultation for Property Tax Savings are calling the firm's main office at 1-877-464-1066. The firm assists families and beneficiaries by helping them avoid property tax reassessment, and determines how much a family can expect to save in property taxes (on average saving more than $6,000 per year); as well as weighing costs and benefits of a trust loan working alongside Proposition 58 - enabling a buyout of inherited property from co-beneficiaries, while keeping a parent's low property tax base. Considered to be one of California's premier trust lenders, the firm works for families alongside their attorney, accountant or property tax consultant, as many families attest to.

Tanis Alonso, Senior Account Manager with Commercial Loan Corp, describes the firm's estate & trust lending service: "We don't view each trust loan scenario as simply a 'financial transaction.' Nor do we see the home they've lived in for decades as just a 'piece of real estate'. To us, this a 'piece of family history' in the making. And the process a 'family decision', not a 'transaction'. We see our clients as real families that we're assisting, financially and emotionally, not just as clients signing a contract for a trust loan. We enjoy helping people... getting them money when they really need it - and saving them on the cost side in the bargain, with a trust loan."

Ms. Alonso also elaborates on the firm's process: "Besides lowering property taxes the key issue for families is selling, versus keeping, inherited property. By someone keeping the family property, everyone receives more money than if they were to sell the property to an outside buyer. When taking into account realtor and transaction costs of approximately 6.5%, the average trust receives $45,716 more to distribute by using a trust loan to keep property, than if they were to sell the property. Each beneficiary on average is receiving $16,652 more from someone keeping the property, instead of selling it. And the average overall annual property tax savings is $6,043."

Commercial Loan Corp originates loans to trusts, and estates in probate, and helps to maximize the distribution of funds to a trust or estate; allowing beneficiaries to buyout inherited property from co-beneficiaries. When providing mortgages to trusts or estates in probate, the firm helps clients to avoid the re-evaluation of property at current tax-rates - enabling families to retain a parent's low Proposition 13 tax base - by obtaining a Parent-to-Child Exclusion, saving a good deal of money on yearly property taxes.

To get a Free Consultation for Property Tax Savings to establish a permanent, low property tax base; or to receive a trust loan to buyout co-beneficiaries' property shares, and learn more about keeping parents' low property tax base when inheriting family property - California homeowners and beneficiaries can call Commercial Loan Corp at 1-877-464-1066.

Commercial Loan Corporation

Main office: 1-877-464-1066

Mobile texting: 1-917-544-0551

Website: https://cloanc.com

Blog: https://propertytaxnews.org

Facebook: https://www.facebook.com/CommercialLoanCorp

PR Media Communications: G Sadwith geoffreysf1@gmail.com

Now that limitations and changes to CA Proposition 58 property tax breaks became active Feb 16, 2021 due to Proposition 19 - popular estate & trust lender Commercial Loan Corp in Newport Beach is offering heirs and beneficiaries inheriting a home from parents a Free Consultation & Estimate of Property Tax Savings - to keep their parent's low property tax base.

Related link: https://cloanc.com/

Paramount Property Tax Appeal Offers Free Evaluation to Affluent Homeowners and Business Property Owners, RE: ‘Tax-Reduction Solutions & Overcoming Changes to Tax Laws’

SAN DIEGO, Calif. /ScoopCloud/ -- Now that California Proposition 19 has passed, Wes Nichols, president of Paramount Property Tax Appeal Service in San Diego has decided to offer a free evaluation to affluent families, business property owners and homeowners who are transferring property to heirs or simply wish to lower their property taxes, or appeal their tax bill.

Families & individuals are invited to call the firm directly, or to drop by the office, to receive a free property tax reduction or tax appeal evaluation. Mr. Nichols is advising upscale California property owners that, "Property tax relief will be severely limited by changes to Proposition 58's Parent-to-Child Exemption. There are only 8-weeks left to prepare, evaluate and potentially appeal property taxes - usually reducing property tax by 20% to 30%."

The Paramount firm is stressing the fact that homeowners and commercial property owners are running out of time to prepare for changes to California property tax relief, that, if not addressed in Dec or Jan, will cost families and businesses thousands of dollars in unexpected, additional property taxes. Mr. Nichols states this is why Paramount Property Tax Appeal is opening their doors & phone lines to California property owners and families inheriting real property - so they can take advantage of the firm's offer, for the first time in their corporate history, to get a free evaluation focusing on Property Tax Reduction; Property Appraisal; Real Property Tax Appeal, Business Property Tax Appeal, and Business Personal Property Tax Compliance.

Company president Wes Nichols announced this week: "We can't emphasize enough how important it is for families to get in right now - this week or next week - to see us, so we can evaluate their estate planning and property tax situation, and complete their paperwork to lock in their future tax base. With Proposition 19 becoming property tax law, Californians only have until Feb. 2021 to complete estate planning, in order to pass down low assessed values to their children.

"Proposition 19 is designed to eliminate the Parent-to-Child Exemption (or Exclusion), for properties that are not owner-occupied homes within 12-months. This means homes, apartment buildings and other commercial properties will all be assessed at current, full market value when you transfer title to your children. As for appeals, we have an 80% success rate, which is a testament to our dedication and hard work for our clients."

It is worth noting that Paramount Property Tax Appeal is one of the few property tax firms in California that provides a large staff and complex data-system for proprietary property tax reduction solutions and tax appeal programs - guaranteeing parents the ability to pass down their low assessed value in the future to their children. Even if property is held in an LLC or a trust.

Mr. Nichols goes on to explain: "This year, Californians face unprecedented tax challenges unlike any year prior; due in part to the Coronavirus shutdown and resulting economic crisis, severely impacting property values and estate planning. Families with estate planning needs have to realize they only have 8-weeks left before the doors for California property tax relief from Proposition 13 and Proposition 58 slam shut - when Proposition 19 becomes active. This will dismantle tax breaks protected by the Parent-to-Child Exemption, which allows you to avoid property tax reassessment at current market rates."

"Folks should understand that by engaging us now, you start the process of setting up your tax appeal; to reduce your overall tax burden. Waiting until you're too close to the appeals deadline can be a recipe for disaster! Bottom line, we truly enjoy helping people - no matter what their net worth or property values are."

To get a free evaluation for trusts, estate planning, property tax appeals and property tax reduction, property owners can call the firm's main line at (858) 225-1200 with the option to discuss over the phone, or to come in and review their property tax and/or business personal property tax needs with a property tax specialist.

Paramount Property Tax Appeal
* Call: President Wes Nichols at (888) 385-9203
* Email: wes@pptaxappeal.com
* Website: https://www.paramountpropertytaxappeal.com
* https://www.facebook.com/ParamountPropertyTaxAppeal

Now that California Proposition 19 has passed, Wes Nichols, president of Paramount Property Tax Appeal Service in San Diego has decided to offer a free evaluation to affluent families, business property owners and homeowners who are transferring property to heirs or simply wish to lower their property taxes, or appeal their tax bill.

Paramount Property Tax Appeal Offers Free Consultation to California Property Owners, RE: ‘Tax-Reduction Solutions & Overcoming Changes Limiting Tax Breaks’

SAN DIEGO, Calif. /ScoopCloud/ -- Wes Nichols, president of Paramount Property Tax Appeal Service, is reminding California property owners that property tax relief will be severely limited by changes to the Proposition 58 Parent-to-Child Exemption, as Prop 19 will soon become law.

The Paramount firm is inviting property owners and families looking to lower their property taxes and/or transferring property to heirs, to get a free consultation There are only 3 months left to prepare, evaluate and potentially appeal property taxes - typically reducing property tax bills by 20% to 30%. Residential and commercial property owners are urged to prepare for specific changes to long standing property tax relief in California.

Paramount Property Tax Appeal is inviting California property owners to take advantage of the firm's unprecedented offer of a free consultation focusing on Property Tax Reduction; Property Appraisal; Real Property Tax Appeal, Business Property Tax Appeal, and Business Personal Property Tax Compliance.

Company president Wes Nichols announced this week: "Families have to get in now to see us so we can complete their paperwork, in terms of locking in their future tax base. With Proposition 19 becoming property tax law, folks only have until Feb. 2021 to complete estate planning, in order to pass down low assessed values to their children. Prop 19 is designed to eliminate the Parent-to-Child Exemption for properties that are not owner-occupied homes within a year. This means homes, apt. buildings and other commercial properties are all assessed at full market value when you transfer title to your children."

Paramount Property Tax Appeal is one of the few property tax related firms in California that offers unique property tax reduction solutions and proprietary programs to make sure parents can pass down their low assessed value in the future to their children. Even if property is held in an LLC or trust.

Mr. Nichols explains: "This year, Californians face unprecedented tax challenges unlike any year prior; due in part to the COVID shutdown and resulting economic crisis, impacting property values and estate planning. However, families with estate planning needs have only 3 months before the doors for California property tax relief from Proposition 13 and Proposition 58 slam shut - as Proposition 19 becomes law. Thereby dismantling key tax breaks protected by the Parent-to-Child Exemption - avoiding property tax reassessment at current market value."

"Folks should understand that by engaging us now, you start the process of setting up your tax appeal; to reduce your overall tax burden. Waiting until you're too close to the appeals deadline can be a recipe for disaster! Bottom line, we truly do enjoy helping people - middle class and working families, not just wealthy folks."

For the first time since its inception, Paramount is offering a free consultation on trusts, estates, property tax appeals and property tax reduction issues, to all California property owners interested in lowering their property tax bill, as well as transferring real property to their heirs. Property owners can call the firm's main office at 858.225.1200 with the option to come in and sit down informally with a property tax specialist, and discuss their property tax and/or business personal property tax issues.

Paramount Property Tax Appeal
Call: President Wes Nichols at (888) 385-9203
Email: wes@pptaxappeal.com

Website: https://www.paramountpropertytaxappeal.com/

Facebook: https://www.facebook.com/ParamountPropertyTaxAppeal

Wes Nichols, president of Paramount Property Tax Appeal Service, is reminding California property owners that property tax relief will be severely limited by changes to the Proposition 58 Parent-to-Child Exemption, as Prop 19 will soon become law.