Tax and property in Riverside
Riverside is the county seat, and its property stock is unusually varied for a single city: century-old houses in the historic neighborhoods near downtown, postwar tracts, student rentals around the university, and office and professional buildings clustered near the county courthouse.
What comes up here
That mix produces the two questions this practice sees most often here — what a long-held property’s basis actually is after decades of improvements, and how a property used partly for rental and partly for something else should be reported.
Assessments, reassessment on transfer, and the exclusion claims that follow an inheritance are handled by the Riverside County Assessor-County Clerk-Recorder, not by the state.
Services in Riverside
- Real estate and tax in Riverside
- Riverside rentals are often old houses that have been improved in stages over decades, and the tax question is almost always the same one: what is the basis, and what was expensed along the way?
- Trusts and estates in Riverside
- Riverside has a lot of houses that have been in the same family since the citrus era, carrying a Proposition 13 base that bears no relationship to what the house is worth now.
- Business and entity in Riverside
- Riverside runs on professional services, health care, education, and county government, and a large share of local owners occupy the building they work in.
- Preparation and planning in Riverside
- A typical Riverside file in this practice has three things happening at once: a professional practice or business, a rental or two, and property held in a family trust.
Common questions
- Do you meet with clients in Riverside in person?
- Yes. The office is in Riverside and we recommend meeting there in person for a first consultation. If that is not practical, we can meet by video on Zoom, Teams, or Google Meet.
Start with a conversation
Tell us what you are working with and we will tell you whether it is something we handle.