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  • Download Form Boe-58-ah - Cal Assessor E-forms - Capropeforms

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Lawrence E. Stone Santa Clara County Assessor EF58AHR160514430019431 BOE58AH (P1) REV. 16 (0514) Property Transfer Unit 70 W. Hedding St, East Wing, 5th Floor San Jose, CA 95110 Ph: (408) 2995540.

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How to use or fill out the Download Form BOE-58-AH - Cal Assessor E-Forms - Capropeforms online

Filling out the Download Form BOE-58-AH online can streamline your process for claiming a reassessment exclusion for property transfers between parents and children. This guide offers a clear, step-by-step approach to assist you in completing the form accurately.

Follow the steps to fill out the Download Form BOE-58-AH effectively.

  1. Click the ‘Get Form’ button to access the form and open it in your preferred online editor.
  2. Begin with Section A, where you will enter the property details. This includes the Assessor’s Parcel Number, property address, and the date of purchase or transfer. Make sure that all information is accurate.
  3. In Section B, provide information about the transferor(s) or seller(s). This includes their full names, social security numbers, and the relationship to the transferee(s). You must also indicate whether the property was the transferor's principal residence.
  4. Continue completing Section B by responding to additional questions regarding prior transfers and any partial interests in the property. Ensure that you check the appropriate boxes where necessary.
  5. In Section C, you will provide details about the transferee(s) or buyer(s). Similar to Section B, include their names and relationships to the transferor(s). Be mindful to answer all questions related to marital status and prior relationships.
  6. After completing Sections A, B, and C, review all the information entered for accuracy. Sign and date the certification section at the end of the form, ensuring that both the transferor(s) and transferee(s) signatures are included.
  7. Finally, save your changes and choose to download, print, or share the completed form as needed to submit it to the Assessor.

Start completing your documents online to ensure a smooth submission process.

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Related content

CA Assessors Association - e-Forms Service Center
PARENT-CHILD EXCLUSION FROM REASSESSMENT; Form BOE-58-AH ... This is a California Assessor...
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Proposition 58, effective November 6, 1986, is a constitutional amendment approved by the voters of California which excludes from reassessment transfers of real property between parents and children. Proposition 58 is codified by section 63.1 of the Revenue and Taxation Code.

Current law requires that the claim form be filed within three (3) years after the date of the transfer of real property or prior to the transfer of the real property to a third party, whichever is earlier.

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 the LLC is the original owner, then as long as no new person gains more than 50% ownership/control of the LLC, then there will be no reassessment of the underlying property.

In order to be timely, it must be filed within 45 days. Pursuant to Revenue and Taxation Code section 532(b)(2), the applicable statute of limitations period for such unrecorded changes in ownership is eight years after July 1 of the assessment year in which the property escaped taxation.

The first major update limits the scope of Proposition 58, the parent-child exclusion,1 which goes into effect on February 16, 2021.

Collectively, they make it easier to keep property “in the family.” In general, Proposition 58 states that real property transfers, from parent to child or child to parent, may be excluded from reassessment. Proposition 193 expands this tax relief to include transfers from grandparent(s) to grandchild(ren).

Gift/Purchase: Transfers such as a gift or purchase between parents and children are excluded with a completed Prop. 58 form. Principal Residence: Proposition 58 does not require that the parent or child use the transferred property as his or her principal residence.

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