Property Valuation Methods: Leased fee vs. fee simple

Case Study: An investor client in Riverside County California purchased an office building anticipating the above – market rental income of the existing tenants. The purchase price reflected not only the value of the building but also the value of the lease, and the assessor put the entire amount on the property tax roll. This is […]

How we help attorneys with property tax matters in California:

Shannon & Snyder CPAs are the go-to experts for property tax matters in California. Generally, ownership changes of more than 50% cause properties to be reassessed at market value as of the date of change of ownership. This often occurs when estate planning attorneys advise their clients to transfer properties to trust or family partnerships. Likewise, […]