My Dad helped me buy a house 10 years ago, and I'm the only one that lives there. It was a $50,000 house. I paid $5,000 and my dad paid the rest, so the house was bought without a bank loan. The idea was that I pay my dad back in monthly payments until I eventually pay off the cost of the house. We also both signed a promissory note that he wrote up, which also stated that when the whole cost of the house was paid back by me to my dad, the house would be solely mine. Currently, we have it titled to both of us as joint tenants. This was to protect both of us in case there was any problems along the way. There weren't any.
Now that I've paid for the entire house, I've asked how to transfer the entire house to me and not have my Dad's name on the title anymore. I was advised to do a Quit Claim. It looks like that would do the trick. But now I've got specific questions about the QC.....
I'm eligible for certain credits at tax time based on my property taxes (which I pay all of). These credits are somewhat diminished or eliminated because of there being more than one name on the title. Does filing a QC simply override the fact that my dad's name is on the title, or does it actually REMOVE his name from it? In other words, when my property tax bill comes in the mail, will there be both names on it as there is now, or just my own?

