Q: What is the legal “Magic Eraser” that can undo property transfers inadvertently triggering a property tax reassessment?

by | Feb 12, 2025 | Q&A, Title and Deeds |

A: In California, a rescission deed can reverse a property transfer that unintentionally triggers a property tax reassessment. This legal tool restores the title to its prior state and may eliminate the unintended long-term property tax consequences associated with a recorded grant deed. However, strict time frames and conditions do apply, so make sure to consult an experienced attorney!