Heirs' property

Summary

The bill changes the tax code so that when inherited land held by multiple owners is transferred to a close family member to clear title, the transfer is not treated as a taxable event. It applies to tenants‑in‑common heirs' property and requires an affidavit to the county assessor. The goal is to lessen the tax burden on families resolving fragmented ownership.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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