Monthly Archives: November 2024

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Title Holding Corporations: Understanding 501(c)(2) Tax-Exempt Status

Church Real Estate, Exemption, Lot Line, Parcel, Property tax, Real Property, Subdivision

A 501(c)(2) organization refers to a type of tax-exempt entity under the Internal Revenue Code (IRC) as a title-holding corporation or trust that is organized for the exclusive purpose of holding title to property

Understanding the Williamson Act: California Property Tax Explained

Church Real Estate, Exemption, Lot Line, Parcel, Property tax, Real Property, Subdivision

The California Williamson Act, also known as the California Land Conservation Act of 1965, is a program designed to preserve agricultural and open-space lands by offering landowners tax relief in exchange for a long-term commitment to keep their land in agricultural or related uses.