Changes to Parent-and-Child and Grandparent-to-Grandchild Transfer Exclusions
(Effective February 16, 2021)
Current laws allow parents, grandparents and children to pass on the existing assessed values of their primary residence and other properties up to $1 million in assessed values without reassessment. However, under Proposition 19 these programs will be limited with fewer tax savings opportunities. See below for the chart developed by the State Board of Equalization to compare the current law and the effects of Proposition 19.
Parent-Child & Grandparent-Grandchild Exclusion
Current Law | Proposition 19 | |
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Principal Residence |
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Other Real Property |
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Grandparent-Grandchild Middle Generation Limit |
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Filing Period |
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Implementing Statute |
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Important Dates |
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Alert! If you plan to record a deed before Proposition 19 becomes effective on February 16, 2021, please note that February 15, 2021 is President’s Day, a legal holiday, and our Office is closed. We expect a high volume of document submissions during that time, any discrepancies or errors found in the process may require additional time to clarify or correct, which may cause further delay on the recording timeline. Early recording is highly recommended.
DocuSign Submit forms using e-signature |
PDF View forms in PDF format |
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coming soon | BOE-19-G Claim for Reassessment Exclusion for Transfer Between Grandparent and Grandchild Occurring on or after Feb. 16, 2021 |
coming soon | BOE-19-P Claim for Reassessment Exclusion for Transfer Between Parent and Child Occurring on or after Feb. 16, 2021 |
For more information for current programs visit www.smcacre.org/parent-child-reassessment-exclusion