California Dmv, Real Estate, and Property
What is Proposition 19 and how does it affect inherited property in California?
Short answer
Proposition 19 (effective February 2021) significantly limited the parent-to-child property tax exclusion. An inherited home is only exempt from reassessment if it is the heir's primary residence AND the assessed value does not exceed the inherited value by more than $1 million…
What this usually means
Proposition 19 (effective February 2021) significantly limited the parent-to-child property tax exclusion. An inherited home is only exempt from reassessment if it is the heir's primary residence AND the assessed value does not exceed the inherited value by more than $1 million. Investment properties and vacation homes inherited from parents are now generally reassessed at market value. This can mean a significant property tax increase.
What to do next
- Start the PathAfter checklist for situation-aware first steps.
- Find California county help for coroner contacts, vital records, cost tools, and paperwork.
- Open the First 72 Hours Call Log before making calls.
- Open the Documents to Find Checklist when you are ready for paperwork.