WHAT HAPPENS NEXT?

For those who are affected by a wildfire must recover somehow. Those who wish to rebuild their homes do not have to worry about any tax changes unless they decide to add something that was not there before.  For example, if you were to add a granny flat to your property you would add onto your earlier taxes the extra expenses. “Homeowners who lost their properties also can buy a new home in the same county and take their Proposition 13 benefit with them. For the tax rate to transfer completely, the new home’s purchase price has to be up to 120% of the market value of your previous home at the time it was destroyed,” (Dillon) Before you can reenter your affected home, federal crews will dispose of any hazardous waste left from the fire. People in areas that can be affected by wildfires should take steps of precaution before, during, and after the fire sweeps through. To learn more on what to do follow the link below.