Proposition 58/193 Eligibility
- Contact your Local County Tax Assessor
for eligibility requirements.
- Transfers of real property between
parents and children, and between children and parents are
excluded from reassessment.
- The sellerís or decedentís principal
residence is totally excluded from reassessment. In
addition, $1,000,000 of the sellerís or decedentís other
real property is also excluded. There is a qualification to
this rule under Prop 193. If the grandchild had received
property in the past that was excludable under Section 63.1
of the R & T Code as a principal residence, any principal
residence that the grandchild receives from the grandparent
is considered ďother real propertyĒ that is subject to the
- There is no value limit for excluding
the sellerís or decedentís principal residence from
reassessment. A Homeownersí Exemption or Disabled Veteransí
Exemption must have been granted to the seller or decedent.
This residence need not be the principal residence of the
person who acquires the property.
- The $1,000,000 exclusion, for real
property other than the sellerís or decedentís principal
residence, applies to the assessed value of property
immediately before transfer. In other words, real property
other than the principal residence, with an assessed value
up to $1,000,000 is excluded from reassessment.
More information can be found at
Contact your Local Tax Assessor for more