3 ms·

Not only that, but because of the California tax code, they probably can't afford to sell their house and buy one for a similar price.

• mleo 8y ago
  Or you add on to a starter home making it no longer a starter home for the next owner. But current owner keeps the lock on property taxes.
  • jdavis703 8y ago
    A major renovation like this on a starter home would likely trigger a reassessment.
    • shostack 8y ago
      I've heard if you keep one foundational wall even for an otherwise complete teardown it is beneficial from a tax standpoint. I'd love to know more details about how that works.