Thank you!I was having a hard time coming up with proper terminology and didn't even know where to start because of that.You hit the nail on the head.

Ok, I'm still confused.Property taxes are legally due from whomever holds the title... of the land? or the building?Are you saying the land will not be assessed...

I guess I'm wondering if property taxes are involved.Will the parents real-estate taxes go up?Will there be a separate assessment because we own the building, b...