Alternatively, have them pay for an appraisal and finance the progressive property taxes out of home equity. Upon death, the property is sold and the equity used to pay progressive taxes is repaid.
This prevents the generational wealth transfer of subsidized senior housing tax rates with the benefits going to next of kin, who sells the asset and receives the proceeds.
This prevents the generational wealth transfer of subsidized senior housing tax rates with the benefits going to next of kin, who sells the asset and receives the proceeds.