Parent to Child and Grandparent to Grandchild Exclusion
The transfer of the principal place of residence between parents and children (and the transfer of up to $1 million of any other real property between parents and children) is excluded from reappraisal if an application is filed timely. Transfers between grandparents and grandchildren may also qualify for this exemption when both parents of the eligible grandchildren are deceased. However, a son-in-law or daughter-in-law of the grandparent that is a stepparent to the grandchild needs not be deceased. Some restrictions apply; please contact our office for additional information. For more information see the Assessor’s Parent-Child Exclusion pamphlet.
If you have any questions and/or would like to speak to a representative from our Title section, click the Book an Appointment button to make an appointment for a call back from our Title section. Please include as much information as possible.
The State Board of Equalization’s Taxpayers’ Rights Advocate Office publishes Information Sheets to help taxpayers understand property tax laws and increase their awareness of property tax savings that may be available to them. An Information Sheet is available for the transfer between parents and children/ and transfer between grandparents. Please click here to view Information Sheets for other topics.
- The changes become effective on February 16, 2021.
- Replaces the existing exclusion with a new exclusion for a transfer of a family home between parents and children and, under limited circumstances, between grandparents and grandchildren.
- An application must be filed with the Assessor’s Office to be considered for the exclusion.
- Only transfers of family homes or farms now qualify as an exclusion.
- Requires partial reassessment if the assessed value of the family home exceeds the sum of the taxable value plus $1 million.
- To receive this benefit, it is a requirement that the transferee files a homeowners' exemption claim within one year of the date of transfer.
- Eliminates the exclusion for any other type of property.
Note: Currently, our office is waiting on additional information and direction from the State of California Board of Equalization office. Once we receive the additional information regarding these changes, we can better assist with answering any questions you may have regarding the application of the new law.