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California Claim For Reassessment Exclusion For Transfer From Grandparent To Granchild (San Mateo)

State:
California
Control #:
CA-SM-BOE-58-G
Format:
PDF
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Description

Claim For Reassessment Exclusion For Transfer From Grandparent To Granchild (San Mateo) The California Claim for Reassessment Exclusion for Transfer from Grandparent to Grandchild (San Mateo) is a form used to exclude from reassessment certain transfers in San Mateo County of real property that is held by grandparents and transferred to their grandchildren. This exclusion applies to transfers of real property made on or after January 1, 2000. The types of California Claim for Reassessment Exclusion for Transfer from Grandparent to Grandchild (San Mateo) are: • Proposition 58 Exclusion: This exclusion applies to transfers of real property from parents to their children, including transfers from grandparents to their grandchildren. • Proposition 193 Exclusion: This exclusion applies to transfers of real property from grandparents to their grandchildren only. • Proposition 58/193 Exclusion: This exclusion combines the above two exclusions and applies to transfers of real property from parents to their children and from grandparents to their grandchildren. To qualify for the exclusion, the transfer must be an outright transfer, made without consideration and by deed, and must meet certain other requirements. The claim must be filed with the County Assessor by the transferor or transferee within three years of the date of transfer. The claim must be accompanied by the deed or other evidence of transfer.

The California Claim for Reassessment Exclusion for Transfer from Grandparent to Grandchild (San Mateo) is a form used to exclude from reassessment certain transfers in San Mateo County of real property that is held by grandparents and transferred to their grandchildren. This exclusion applies to transfers of real property made on or after January 1, 2000. The types of California Claim for Reassessment Exclusion for Transfer from Grandparent to Grandchild (San Mateo) are: • Proposition 58 Exclusion: This exclusion applies to transfers of real property from parents to their children, including transfers from grandparents to their grandchildren. • Proposition 193 Exclusion: This exclusion applies to transfers of real property from grandparents to their grandchildren only. • Proposition 58/193 Exclusion: This exclusion combines the above two exclusions and applies to transfers of real property from parents to their children and from grandparents to their grandchildren. To qualify for the exclusion, the transfer must be an outright transfer, made without consideration and by deed, and must meet certain other requirements. The claim must be filed with the County Assessor by the transferor or transferee within three years of the date of transfer. The claim must be accompanied by the deed or other evidence of transfer.

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California Claim For Reassessment Exclusion For Transfer From Grandparent To Granchild (San Mateo)