Is there an exclusion for transfers between parents and children? (Proposition 58)
Propositions 58 and 193 provide property tax relief for real property transfers between parents and children and from grandparents to grandchildren. Collectively, they make it easier to keep property “in the family.”
In general, Proposition 58 states that real property transfers, from parent to child or child to parent, may be excluded from reassessment. Proposition 193 expands this tax relief to include transfers from grandparent(s) to grandchild(ren). In both cases, a claim must be filed within three years of the date of transfer to receive the full benefit of the exclusion.
Claim forms may be obtained online by clicking
here (Parent to Child) or
here (Grandparent to Child.)
If you would like additional information regarding this subject, you may submit your
question to our public service staff by using our Public Inquiry Form.
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