Can I transfer my Prop 13?
Likewise, people ask, can you transfer Prop 13 to a family member?
Prop 13 protects change of ownership amongst family members e.g. spouses, domestic partners, parent to child and grandparents. Aunts, uncles and relatives do not count, and any property transferred amongst those people will cause a reassessment in the value to current purchase price.
One may also ask, what counties accept Prop 13 transfers? They are:
- El Dorado.
- Los Angeles.
- San Bernardino.
- San Diego.
- San Mateo.
In this regard, how do I transfer my Prop 13 tax base?
Property owners of at least 55 years of age may transfer the base year value of their principal residence to a replacement principal residence. The replacement must be of equal or lesser current market value and located within the same county.
Can I transfer my property tax to another property?
You must be 55 or older to transfer your current tax base to a new primary residence. The new home must also be in the same county as your current one. The new home must have been purchased within two years before or after the sale of the original, low-tax based property.