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  • Claim For Transfer Of Base Year Value From Qualified ... - Acgov

Get Claim For Transfer Of Base Year Value From Qualified ... - Acgov

Y (Section 69.4 of the Revenue and Taxation Code) RON THOMSEN, ASSESSOR 1221 Oak Street, Room 245 Oakland, CA 94612-4288 (510) 272-3787 / FAX (510) 272-3803 A. REPLACEMENT PROPERTY ASSESSOR S PARCEL NUMBER RECORDER S DOCUMENT NUMBER DATE OF PURCHASE/COMPLETION OF NEW CONSTRUCTION PURCHASE PRICE/COST OF CONSTRUCTION PROPERTY ADDRESS (street, city, county) B. ORIGINAL (FORMER) PROPERTY ASSESSOR S PARCEL NUMBER DATE OF TRANSFER/SALE ASSESSOR S FACTORED BASE YEAR VALUE AT DATE OF TR.

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Proposition 13 allows a transfer of primary resident between parent and child without reassessing the tax base of the home. To get the benefit, you filed the appropriate form with your county assessor's office after you prepared and filed the deed transferring the property from a parent to a child.

This base year value transfer is available to a person who is age 55 or older that sells their principal residence (referred to as the original property) and buys or builds a replacement residence (referred to as the replacement property) within two years of the sale of the original property.

Effective April 1, 2021, homeowners who are over 55 years, severely disabled, or the victim of a disaster can transfer the base year value of their home to a replacement home located anywhere in California that is purchased within 2 years of the sale of their original home.

An eligible homeowner may transfer the taxable value of their home to a replacement property anywhere within California up to three times.

BASE YEAR: The base year value for property in California is 1975 or the year in which property has transferred or been newly constructed.

The replacement property must become the principal residence of the homeowner within two years of the sale of the original primary residence. Your new taxable value is your original prop 13 value plus any amount paid for the replacement property over the original property's sale price.

If you meet the eligibility requirements, you may transfer your home's current Proposition 13 value (base year value) to a different home. In other words, you may be able to pay a similar amount in property taxes if you change your residence.

The other component of Proposition 19 allows homeowners who are over 55 years of age, disabled, or victims of a wildfire or natural disaster, to transfer their lower assessed property value of their primary home to a newly purchased or newly constructed replacement principal residence up to three times (or once per ...

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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