If there is a mortgage on an inherited property can i deduct the amount owed from the appraised value to determine estate value

Anonymous Jun 14, 2015 2 views 2 answers

I am trying to decide if my father's estate is valued less than $150,000 due to owing $250,000 on a $295,000 home in california

Attorney Answers

Anthony Roach

Anthony Roach · Jun 15, 2026

For what purpose are you trying to determine if your father's estate is less than $150,000.00?

0 upvotes

Richard Price

Richard Price · Jun 15, 2026

It's determined by the gross value, not the net equity. So you would not deduct the mortgage.

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