LeonardS
Expert Alumni

Deductions & credits

Generally, the county treasurer sends out the tax bill and does not track past property values. You should contact the county assessor for information on the value of the land your wife inherited in 2016.  The assessor will have two values the assessed value and the market value you will use the market value as the property's basis when calculating any gain or loss on the sale of the property in 2021.

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