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Reply #40: In California, people over 55 are entitled to delay paying their [View All]

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JDPriestly Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Dec-12-08 02:12 AM
Response to Reply #37
40. In California, people over 55 are entitled to delay paying their
property taxes until they sell their home. That sounds great, however, in many cases, the homes of the elderly are only sold when the elderly person goes into a nursing home. The money generated from the sale of the house is used to pay the nursing home expenses. If the money is mostly owed in property taxes, the government will get its taxes upon that sale, but have to pay a larger amount share of the nursing home expenses for that very elderly person. So, the waiver of taxes is not the solution.
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