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Can the recording of a deed, even if the transaction it represents does not involve the exchange of money, trigger a reassessment?

April 26, 2017deed exchange involve money reassessment recording represents transaction Trigger

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Can the recording of a deed, even if the transaction it represents does not involve the exchange of money, trigger a reassessment?

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Yes. The mere fact that there is a transfer of title could subject the property to a possible reassessment. The laws that govern change in ownership can be very complex. This is why we recommend you seek legal advice.