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Get your taxes done using TurboTax
@sandy4042 wrote:
The advantage of the quit claim deed to a family member is the property tax remains the same for the family member/new owner.
Yes, I understand that. FYI, I have drafted quitclaim deeds, recorded quitclaim deeds, and handled real estate closings for numerous clients. You should note that a quitclaim deed would not alter the assessed valuation if there is no consideration paid (regardless of the relationship of the grantor to the grantee).
Thanks for the information.
‎April 11, 2022
1:30 PM