Prop 19 to Significantly Restrict Family Transfer Exclusion From Property Tax Reassessment
By EsqSocial Corporation 17/12/20
On November 3, 2020, California voters approved Prop 19, which will make several changes to the state’s property tax laws. Among these changes are new restrictions on the applicability of the parent–child/grandparent–grandchild exclusion from property tax reassessment upon certain transfers. These changes to the exclusion will be effective for transfers occurring on or after February 16, 2021....
By: Manatt, Phelps & Phillips, LLP