How Do I Obtain A Parent-Child Exclusion for Property Taxes?

A lot of clients ask us if there are any benefits to inheriting a house from your parents or grandparents. The answer is yes! A huge benefit is that when a home is transferred from parents to child, the property taxes do NOT need to be reassessed!

With the Parent-Child Exclusion, a parent is able to transfer their property from themselves to their children with no consequence to the property taxes that are paid each year. BUT this benefit isn’t automatic - you have to apply for it!

Warfield Law is happy to assist our clients in obtaining a Parent-Child exclusion by completing and submitting a Claim for Reassessment Exclusion for Transfer between Parent and Child. The process of obtaining this exclusion can be daunting, especially with some of the attachments and requirements that must be accompanied by the request. Contact Warfield Law today for your Parent-Child Exclusion!