Let’s assume that a house destroyed by the fires had a $1-million market value and a $600,000 taxable value this year.
Officials on Thursday estimated the L.A. wildfires have caused more than $50 billion in property damage, as fires continue to burn.
From installment deferral to home value transfer, we have some answers to property’s owners pressing tax questions.
The devastating fires in Los Angeles are on track to shatter prior records for total losses ... the battle to protect lives and property still continues, making any loss projections preliminary.
If you pay property taxes on it, it’s likely eligible. Los Angeles County Assessor Jeff Prang is proactively reassessing ...
Do I have to pay a mortgage if my home was destroyed in the L.A. County wildfires? Get the answer to that and other housing-related questions impacting Southern California communities due to the fires ...
Unexpected catastrophes such as wildfires can completely change the character of a community, as larger, more expensive homes are built, attracting buyers from a different socioeconomic status.
There are a variety of options, including tapping an existing HELOC or considering using an insurance settlement.
Such offers might even speed up the rebuilding process. Anyone who thinks state regulatory agencies will help them doesn’t ...
property, and critical natural or cultural resources on National Forest System lands and take immediate actions to implement emergency stabilization measures before the first post-fire damaging ...
For as long as there’s been property, there’s been property theft. But a growing type of property theft — one that threatens owners in a unique and life-altering way — has a new hurdle to ...
The Gilman Fire broke out in La Jolla neighborhood today, while a brush fire at the border with Mexico, has engulfed 20 acres. Newsweek's live blog is closed.