Concerning California Real Property Tax Changes re: Propositions 15 & 19
Propositions 15 and 19, on the ballot soon, will eliminate the Parent-Child Exclusion from Reassessment which we now have. If passed, the new propositions will cause the new owner (parent/child) to have the real property taxes jump up (assuming appreciation since purchased) to the fair market value of the property at the time of death, gift, or other reason for…