Inheritance clause in Proposition 13 explained

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7 On Your Side's Michael Finney explains how tax rates from Proposition 13 can be inherited by your children and grandchildren. (KGO)

Prop 13 keeps your current property taxes low. But most don't know that your children and grandchildren can inherit that tax break.

Imagine getting a property today, but only paying the property taxes charged 40 years ago.

Watch the video player above for the full story.

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newstaxesproperty taxesreal estategovernment
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