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I forgot to ask if I am responsible to pay property tax just because I inherrited a "life estate"?

adonis · Posted: Fri Aug 14, 2009 7:21 pm Post subject:

Hi kelbn,

The owner of the property is responsible for paying the property taxes. As you only have the life estate rights, I don't think you would be liable for these taxes. However, you can always share the property taxes with the owner and pay a part of it.

downrollings · Joined: 15 Jun 2009 Posts: 2 2.29 Dollars($)

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Realgeni · Joined: 13 Apr 2009 Posts: 1434 99.76 Dollars($)

kelbn13

Welcoem the forum

If you own the property then you are laible to pay taxes

Good luck and feel free to ask

jheard · Posted: Tue Aug 18, 2009 2:07 pm Post subject:

A life estate holder has a duty to the remainderman (who takes when you die) not to commit "waste" on the property. Waste would include failure to make necessary repairs, to pay the mortgage, and to pay the taxes.

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Taxes?