M
m trunk
Guest
I know this is a rather dumb question, but here goes.
If one inherits a building - commercial or residential - that's apraised
at, say 1,000,000.00 with a 300,000.00 mortgage - is the tax owed based on the 700,000.00 equity or the 1,000,000.00 apraised value.
Thanks.
marty
If one inherits a building - commercial or residential - that's apraised
at, say 1,000,000.00 with a 300,000.00 mortgage - is the tax owed based on the 700,000.00 equity or the 1,000,000.00 apraised value.
Thanks.
marty