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Properties with 35-year leases could be subject to unexpected property tax reassessment costs, according to Gary Glick, a partner at Cox, Castle & Nicholson. While these leases can trigger reassessments, there are ways to avoid it. We sat down with Glick for an exclusive interview to talk about real property tax, why reassessments are triggered and how they can be avoided.

GlobeSt.com: Under California law, when is real property taxed? What percentage of its assessed value is taxed?

Kelsi Maree Borland

Kelsi Borland is a freelance writer and editor living whose work has appeared in such publications as Travel + Leisure, Angeleno and Riviera Orange County.

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