Parent-Child Exclusions from Property Tax Reassessment Fundamentally Changed by Proposition 19
By EsqSocial Corporation 17/12/20
In November, California voters narrowly passed Proposition 19, which makes significant changes to existing real property tax reassessment rules. Effective after Feb. 15, 2021, Proposition 19 significantly restricts property owners' ability to preserve the current assessed value of California real property transferred between parents and children....
By: Hanson Bridgett LLP