Transferring Property Tax Base Under Prop 19 - What To Know.

California’s Proposition 19, which took effect in 2021, significantly alters state property taxes. It allows eligible homeowners (age 55+, disabled, or wildfire victims) to transfer their lower property tax base up to 3 times anywhere within the state. However, it limits parent-to-child inheritance tax breaks, requiring heirs to use the home as their primary residence to avoid reassessment at market value.