Published on CCSF Office of Assessor-Recorder (https://sfassessor.org)

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Under select circumstances, homeowners can transfer the assessed value of their principal residence to a newly purchased or replacement dwelling, or transfer their real property to a child or grandchild without triggering a reassessment.

  • California law allows any person who is at least 55 years of age (at the time of the sale of original/former property) who resides in a property eligible for the Homeowners’ Exemption or currently receiving the Disabled Veterans’ Exemption to transfer the base year value of the original property to a replacement dwelling of equal or lesser value within the same county.

    Transfer of Assessment to a Replacement Property by Senior Citizens

    [1]
  • Real property sold or transferred between parents and their children, under limited circumstances, will not be reassessed.

    Reappraisal Exclusion Between Parent to Child

    [2]
  • Real property sold or transferred from grandparent to grandchild, under limited circumstances, will not be reassessed.

    Reappraisal Exclusion from Grandparent to Grandchild

    [3]
  • Proposition 110 allows homeowners who are severely and permanently physically disabled to transfer the base year value of their principal residence to a newly purchased or constructed replacement residence.

    Transfer of Property Tax Base For Severely and Permanently Disabled Owners

    [4]

Source URL: https://sfassessor.org/property-information/homeowners/transferring-assessed-value

Links
[1] https://sfassessor.org/../../tax-savings/tax-relief/transfer-assessment-replacement-property-senior-citizens
[2] https://sfassessor.org/../../tax-savings/exclusions/reappraisal-exclusion-between-parent-child
[3] https://sfassessor.org/../../tax-savings/exclusions/reappraisal-exclusion-grandparent-grandchild
[4] https://sfassessor.org/../../tax-savings/tax-relief/transfer-property-tax-base-severely-and-permanently-disabled-owners