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Print Form BOE-58-AH (P1) REV. 14 (08-10) CLAIM FOR REASSESSMENT EXCLUSION FOR TRANSFER BETWEEN PARENT AND CHILD RICHARD N. BENSON ASSESSOR-RECORDER-COUNTY CLERK COUNTY OF MARIN P.O. BOX C, SAN RAFAEL,.

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This option is also known as the Gonsalves-Deukmejian-Petris Property Tax Assistance Law. If you are a California resident 62 or over, are a low-income resident, and/or have qualifying disabilities, you may be able to apply for cash assistance from the state for property taxes. What is this?

Prop. 58 & Prop. 193, allowed a parent(s), and in certain cases grandparent(s), to transfer their existing property assessments of a principal residence of any value without triggering a reassessment, which is generally required upon a change in ownership - even if the property is used as rental property by the child.

This typically occurs upon the death of the trustor. Thus, the date of death is considered to be the date of change in ownership. Proposition 19 is clear that Proposition 58 applies to transfers that occur on or before February 15, 2021, and Proposition 19 applies to transfers that occur on or after February 16, 2021.

Proposition 58 allows the new property owner to avoid property tax increases when acquiring property from their parents. The new owner's taxes are instead calculated on the established Proposition 13 factored base year value, instead of the current market value when the property is acquired.

If a sudden and major calamity such as fire or flooding damages or destroys your property, you may be eligible for property tax relief. In such cases, the Assessor's Office will immediately reappraise the property to reflect its damaged condition.

Proposition 58 allow the new property owners to avoid property tax increases when acquiring property from their parents or children. The new owner's taxes are calculated on the established Proposition 13 factored base year value, instead of the current market value when the property is acquired.

Parent to Child Exclusion (Proposition 58) / Grandparent to Grandchild Exclusion (Proposition 193) The transfer of the principal place of residence and /or the first $1,000,000 of other real property between parents and their children can be excluded from reassessment if a proper application is filed.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
Content Takedown Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
Industries
Forms in Spanish
Localized Forms
State-specific Forms
Forms Kit
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
+1 833 426 79 33
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232