How do I avoid a property tax reassessment when inheriting…

Even under Prop 19, there are still legal strategies available to avoid the reassessment when the parent dies or there…

What if multiple children inherit the home—who has to live…

Any one of the children needs to move into the parent’s primary residence and make it their own. The title…

What is the Prop 19 $1 million exclusion and how…

Under Prop. 19, which took effect February 2021, these rules are no longer valid. Instead, property taxes will go up…

Does Proposition 19 apply to trusts or inherited property held…

Yes, trusts are disregarded for purposes of Prop 19. The Assessor will ask for the trust and determine who is…

How much can property taxes increase after inheriting a home…

Under Prop 13, the assessed value (the amount the home is valued for purposes of property taxes (which is different…

Can I keep my parents’ property tax basis if I…

Generally, no. With one exception. First, it needs to be the primary home of the parent. Even then, you will…

Do I have to live in the inherited home to…

Remember that it has to be the primary residence of the parent — not simply that you inherited it, and…

How long do I have to move into an inherited…

When you move out, the property tax will go up. If/when the title changes from your name to someone else’s,…

What happens if I inherit my parents’ house and rent…

The property tax will go up, as it’s no longer considered your primary residence. The only exception might be mixed…

How does Proposition 19 affect inherited property in California?

It basically got rid of Prop 58. Prop 58 allowed for primary residences to be transferred between parents and children,…