Tax
Mar. 4, 2024
Tax relief approved for San Diego County flood victims
The San Diego County Board of Supervisors has passed a law that delays and reduces property tax bills for property owners who suffered more than $10,000 in damages during the flooding. They must apply for the deferral with the San Diego County Assessor’s office by April 10.
Phil Jelsma
Partner and Chair of the Tax Practice Team
Crosbie Gliner Schiffman Southard & Swanson LLC (CGS3)
Email: pjelsma@cgs3.com
Phil is chair of the tax practice team at CGS3. He is recognized as a leading joint venture and tax attorney, with a 30-year background in real estate exchange transactions, syndications, nonprofit corporations and international tax planning.
Due to rampant rains that recently triggered floods and landslides – and millions of dollars in property damage – on Feb. 27, the Internal Revenue Service (IRS) granted disaster relief to storm victims throughout San Diego County, resulting in extended due dates for both tax returns as well as extensions for Section 1031 exchanges.
As a result, taxpayers living in designated disaster areas throughout San Diego County can file returns with...
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