Who has tax responsibility?

bbrosnihan · Joined: 20 Aug 2008 Posts: 2 1.50 Dollars($)

I a person quitclaims a residence to someone, with the agreement that the grantor can continue to live there until the grantor's death,who is responsible for taxes on the property?

Niicss · Posted: Thu Aug 21, 2008 2:17 am Post subject:

Welcome bbrosnihan.

The present owner should be responsible to pay the property tax. So the grantee who is now the owner of the property is liable to pay the tax. The grantor is only in a agreement to stay on the property until his death. But he is not the owner now as he has already quitclaimed the property.

Let me know if you have any further queries.

bbrosnihan · Joined: 20 Aug 2008 Posts: 2 1.50 Dollars($)

Ok, now if the grantor is eligible for homestead exemption on taxes and if the grantee does not file the quitclaim deed until the grantor's death even though it was signed and notarized at some time in the past.

larry · Joined: 27 Jun 2007 Posts: 3328 473.51 Dollars($)

Hi Bernie.

Welcome back. If the quitclaim deed was signed and notarized then it is a valid deed and the grantee is the present owner now. So he will be responsible to pay the property tax. BTW it is better to record the deed in the county recorder's office ASAP. Feel free to ask if you have any further questions.

Best of luck,
Larry

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