Do you know you can take your old tax bill, the cheap Proposition 13 roll-back basis, WITH you when you sell your home? How about transferring to another County and keeping your old property tax basis? Did you have your taxes “rolled-back” due to the real estate crash of 2007 only to see them bounce back big time? These and other perplexing questions answered as Greg Walsh, Chief Deputy Assesor joins us on the show this Sunday!
Propositions 60, 90 and 110 are voter-approved amendments (Revenue and Taxation Code, Paragraph 69.5) which allow qualifying Sonoma County homeowners to transfer the taxable value of a previous residence to a new residence. For many people, this can result in substantial tax savings.
You (or your spouse who resides with you) must either be at least 55 years of age (Prop 60) or severely and permanently disabled (Prop 110) as of the date you sell the home you are replacing.
We sometimes refer to the process of reviewing property as “the Prop 8 review process” because of its association with temporary declines in taxable value allowed by the passage of Proposition 8 in 1978.
David Guhin, City of Santa Rosa, CA Director of Planning and Economic Development will be on the show to discuss the State’s new requirements, and how cities are now required to make changes allowing for an easier, less restrictive process for adding an ADU (Accessory Dwelling Unit) to your property. More City of Santa Rosa info here
Tune us in at 9-10AM on KSRO 1350AM, 103.5FM and streaming live at KSRO.com. Call in numbers are 707-636-1350
Mr. Guhin has over 17 years of experience in the public sector, most of which has been with the City of Santa Rosa’s Water Department. In July 2015 Mr. Guhin was asked to lead the former Community Development Department through a series of strategic changes. His first tasks were to tackle the organizational changes that would create the new and revitalized Planning and Economic Development Department and to engage staff in visioning, developing, and implementing a comprehensive Process Improvement Action Plan aimed at positively altering the experience of doing business with and for the City.
Mr. Guhin’s areas of reasonability includes the Planning, Engineering, Building and Economic Development functions for the City of Santa Rosa. In his time with Planning and Economic Development, Mr. Guhin has established the ongoing process improvement implementation, integrated the Engineering Development Services and Economic Development Divisions into the department, guided the development of the Housing Action Plan, and is leading the development of the City of Santa Rosa’s comprehensive policy on medical cannabis.
Mr. Guhin holds a Bachelor’s of Science degree in Engineering from the South Dakota School of Mines and Technology, and he is a Registered Professional Engineer in the State of California. Mr. Guhin’s recent community involvement includes being Past President for the Redwood Empire Food Bank, and he was the co‐chair for the Amgen Tour of California local organizing committee and has helped to bring the Ironman to Santa Rosa for the next 5 years.
Realtor.com came out with their 20 Hottest real estate markets in the nation. 11 of these are in California and we’ve added two NEW spots–Eureka and Fresno. Eureka is way up north on the coast of California. Isolated, older fishing community but it is very affordable as is Fresno which is in the “Valley”. “Valley” properties in the greatest state of California are fairly depressed and still have higher percentages of distressed homes. They have yet to get even close to their pre-bust highs. If you look at the top lists you’ll see 4 of these hottest market are in the California interior valleys—Sacramento, Stockton (at one time ground zero for the distressed market in California), Modesto and Fresno. What they all have in common is affordability. Median priced homes in these areas range from $270,000 to $317,000. Compare these prices with Santa Rosa (#13 on the list with a median price of $597,500).
Changes at the PRMD (Sonoma County Permit Department),
Changes to the Vacation Rental Ordinance,
And, what about those Un-permitted repairs and alterations when you go to sell your house! These topics and more will be discussed with Real Estate Hour favorite, Tom Havstad.
Tune in..have a little fun…and, learn a lot.
Tom Havstad; Long time local Sonoma County Permit Consultant and property owner advocate. Tom Brings a wealth of knowledge to the Real Estate transaction, and to homeowners just trying to sort things out.
Permit Consulting Services for Sonoma Marin and Napa – Permit Consulting Services offers professional assistance at your building department. We know the process and we will advocate for you. Our expertise comes from decades of experience in all phases of plan and permit processing.
You may need help with building or zoning permits, or you may just need to understand what permits were taken out for work done in the past. If you need plans drawn in order to pull a permit, we can do those for you also. We’ll handle the whole process, start to finish, or we’ll coach you through it. And you can believe this, it’s not getting any simpler. You’ll save time and money by getting a professional on your side.
For or Against Rent Control? Here are some points to consider and express to the City of Santa Rosa Council meeting May 3rd—Public Meeting at City Hall.
We are please to have Daniel Sanchez, Government Affairs Director, of the NorthBay Association of Realtors to talk about these timely issues before the City of Santa Rosa takes action on May 3rd at the Council Meeting.
Just Cause:—What is it? Under just cause eviction, a tenant can only be evicted if the landlord can prove that the tenant is violating the lease, breaking the law or if the landlord must move themselves or a family member into the unit.
Any type of rental can be eligible for just cause, including single family homes.
Just cause eviction ordinances would require rental owners to prove “cause” in court, or in some cases before a political body, every time they need to remove a problem resident, such as a drug dealer, or violent criminal.
Proving cause in court or by going before a board or commission is hard to do and unfair. The legal process is costly and time consuming. Rental property owners would have to depose and subpoena other residents to testify.
Because removing a problem tenant requires going to court, these ordinances tend to clog the court system.
Santa Rosa should focus on educating renters on their protections under state law, instructing owners on their obligations, and enforcing the laws we have.
Santa Rosa should provide a forum for owners and residents to resolve disputes in a neutral setting — not in a court, not in the political setting of an eviction board, and certainly not with a host of new laws and regulations.
We are delighted to have back Bill Rousseau,
Sonoma County Clerk-Recorder-Assessor, do discuss the latest in property values and assessments. Propositions 60 and 90 plus Prop 8 will all be discussed. Your property taxes, if rolled back due to the great recession, are on the rise BIG TIME!!
For information on “Disaster Provisions” in the Assessment of your property click HERE.
Link to explanation of Propositions 60 and 90 please click HERE. Proposition 90, inter-county transfers of tax bills as per Prop 60 are as follows. This was as per Nov of 2014. Check with the county you are moving into to determine if they follow Prop 90.
BUT they want to know how you feel! Survey below.Santa Rosa seeks public input regarding Courthouse Square reunification in a new online survey. The Courthouse Square reunification project is the highest profile infrastructure project for downtown Santa Rosa in the past 30 years. The City Council voted to reunify Courthouse Square to create a dynamic community gathering space and encourage downtown investment.Outreach and the construction project timeline is truncated to minimize construction impacts to downtown businesses. Survey input will be collected from November through the end of December 2015. Input collected from the survey will help inform the chosen design team for the reunification design.
Once the design team is chosen, two additional public meetings will be conducted; meeting dates and times to be determined. For more information on the City’s Courthouse Square Reunification project, please visit: www.srcity.org/chs
Did you miss the show, or, want to listen again? Here’s the podcast:
Join us on The Real Estate Hour -Sunday 9-10AM pdt. 1350AM, 103.5FM or Streaming live at www.KSRO.com.
Umpqua’s loan products include; unusual properties, portfolio lending and re-hab and construction loans. Some of our clients have directly benefited from Jennifer’s expertise in these products, as well as the more traditional loans.
We’re excited to hear more.
*By the way – This information is not just for home buyers!*
If you’re a Sonoma County home seller with a unique property, or you’ve been told your home isn’t “finance-able”, tune in. This show is for you too!
Wouldn’t it be great if you could improve your home’s chances on the market, by increasing your home’s buyer pool? – by overcoming that obstacle upfront with creative financing options for your potential buyers! win-win!!
This is just one of the extras we at The Kelly-NormanTeam offer our home sellers and buyers. We think outside the box to find solutions…and, so does our guest, Umpqua Bank loan officer, Jennifer Foster.
If you’re buying your first home or you’re a seasoned investor, navigating through the mortgage process takes time, work, and expertise. Jennifer Foster has that covered, and she’s here to help.
Jennifer’s passion for helping people with their home loans is the driving force behind her success. She especially enjoy working with first time buyers – educating and assisting them throughout the lending process. (which she does very well) Whether you are purchasing, refinancing or building, she provides consistent communication with everyone involved, ensuring a smooth and worry-free transaction.
Jennifer began her career in lending 25 years ago right here in Sonoma County, and she is proud to have joined Umpqua Bank because they believe in providing that same exceptional customer experience based on superior customer service.
More about Jennifer Foster;
Started her mortgage lending career in Sonoma County more than 25 years ago at IMCO Realty Services which became North American Mortgage.
Passionate about educating clients and providing financing solutions that meet long term .
Specializes in Custom Construction and renovation financing.
With Umpqua Bank for almost 5 years.
Product mix includes unusual properties, portfolio lending and construction
Active in community serving on local boards and community organizations including
Schools Plus Board Member
Affiliate Member of North Bay Association of Realtors
In case you missed it, ^^^^ here’s the podcast from 7/26/2015 with Tom Havstad joined by Ryan Giannecchini (SC Barns) discussing the vacation rental ordinance in Sonoma County, and a controversial proposed change in the PRMD’s (Sonoma County Permit and Resource Division) policy affecting auxiliary buildings. Because of public uproar, the policy changes were removed.
However, the fact that PRMD tried to sneak this in, has left a bad taste in our mouths.
Tom is a wealth of knowledge when it comes to resolving permit issues. His company is Permit Consulting Services: