California Dmv, Real Estate, and Property
How does Proposition 19 affect me if I inherit my parents' home?
Short answer
If you move in as your primary residence within one year, and the market value does not exceed the assessed value by more than $1 million, you keep the low base year value. If you do not move in, the property is…
What this usually means
If you move in as your primary residence within one year, and the market value does not exceed the assessed value by more than $1 million, you keep the low base year value. If you do not move in, the property is reassessed at market value — which can dramatically increase property taxes. File a claim with the county assessor within one year of the date of transfer.
What to do next
- Start the PathAfter checklist for situation-aware first steps.
- Find California county phone numbers for coroner, vital records, and local offices.
- Open the First 72 Hours Call Log before making calls.
- Open the Documents to Find Checklist when you are ready for paperwork.