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My two brothers and I, equal tenants-in-common, were displaced from our home with a market value of $330,000 and an adjusted base year value of $180,000. How much relief can each of us carry forward?

April 26, 2017Adjusted base Brothers displaced Home market value

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My two brothers and I, equal tenants-in-common, were displaced from our home with a market value of $330,000 and an adjusted base year value of $180,000. How much relief can each of us carry forward?

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Each party can carry forward one-third of the base year value of $180,000 ($60,000) to a replacement dwelling. Any excess value of a replacement property will be reappraised at market value.