Sorry for your loss. There are things in life that make no real sense. Living on Cape Cod we saw ocean front homes (not really great homes, but nice) bought for a million and torn down somewhat. The exterior walls had to be left so everything was down except the 2x4's. They expanded or renovated and spent millions. Basically there was no way the children could afford to keep these homes. Thus.
When we lived in California homes were assessed at 25% of market value. Therefore one could look at any city, town in California and know the value.
That changed over time and then wonderful prop. 13 did a mess. So, you live in your house at that time and the taxes barely rise. Your children can live in and keep the house with the same tax situation. My sister has a million dollar house and they pay $1,200 in property tax. We have a similar situation (bought in 2009) and we pay $9,000. Really fair. Better yet, those people could sell their house, move into a million dollar condo and take the tax bill with them. Great if you are the one having it and a reason why some houses are never sold.
I am a retired workaholic and continuing aquaholic.
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