Quick claim and taxes

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Icon Mini Profile fampro

Joined: 08 Jul 2010

Posts: 1

1.35 Dollars($)
Post Posted: Thu Jul 08, 2010 4:38 pm    Post subject: Quick claim and taxes

My sister and I recently filed a quit claim deed with state of Arkansas. The house was my mother and we put it in our names to avoid the possibility of Medicaid taking it because she was in the nursing home for a few month. Now she is back home. The deed we completed was the one you put an amount in. We got a letter from the tax assessors office stating we could be subject to taxes of $350 and it asked questions like: Is this your principle residence?, Are you disabled? Did you buy this home?
There is no annual tax due on the house, so we dont understand what possible tax penalities they are referring to. Can you please help me.
Icon Mini Profile smithsussane

Joined: 18 Sep 2008

Posts: 12591
Location: Alaska
1308.69 Dollars($)
Post Posted: Thu Jul 08, 2010 9:13 pm    Post subject:

Hi fampro!

Welcome to forums!

As far as I can understand, the tax assessors office is not asking you to pay any tax penalty. Rather the tax assessors office may have assessed the tax after you got the property transferred in your name. Thus, there was an increase in taxes which you need to pay. You can contact a real estate attorney and he will be able to help you in understanding the whole matter in details.

Feel free to ask if you've further queries.

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