What is the loophole in California Prop 19?
What is the loophole in California Prop 19? The measure would close the “Lebowski Loophole” (named after an actor in The Big Lebowski who pays very low property tax on a Malibu property his parents purchased in the 1950s). Under this measure, only heirs who use the home as a primary residence would be able to transfer a property tax assessment.
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