property tax remains same as last previous. Not sure it has to be in the same county .
Try this thread:
If all fails send me a private eMail I will get you correct ans
Keller Williams Cupertino Realty
It sounds like your friend was referring to what's called a 1031 exchange (based on IRS tax code 1031). This requires the buyer of the house, and the person you purchase the house from to agree to the exchange (but there's no harm to either the buyer or seller, so many people have no issue agreeing to this). It's a bit complicated, but in short, instead of just selling your property, you'd be putting the money from the sale directly into another property and deferring taxes. There are rules regarding time frame and both the current home and purchased home need to qualify. Generally speaking, the home you buy must be equal to, or more expensive than the home you sell in order to qualify.
If you'd like to discuss this option further, feel free to contact me any time and we can go over your options in more detail.
Hope this helps!