Tag: Principalresidence

Posted on 01/11/2021
CA - Proposition 19 - Inherited Property from a Parent/Grandparent
Proposition 19 was passed and as part of the measure, children who inherit their parents’ houses will no longer receive a property tax break if they intend to keep it as a second home or rent it out. This has a serious effect on the traditional parent-child exemption from reassessment under the original Proposition 13. Previously, transfers of the...
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