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.
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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
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Real property sold or transferred between parents and their children, under limited circumstances, will not be reassessed.
Reappraisal Exclusion Between Parent to Child
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Real property sold or transferred from grandparent to grandchild, under limited circumstances, will not be reassessed.
Reappraisal Exclusion from Grandparent to Grandchild
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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
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