What triggers reassessment?

A reassessment is typically triggered by a change in ownership or completion of new construction.

What is the homeowners' exemption?

It reduces your property's assessed value by $7,000, saving roughly $70 annually. You must occupy the home as your primary residence.

Understand when reassessment occurs and how Proposition 19 affects transfers in California.

Your property's assessed value is generally reset to market value when ownership changes or significant new construction is completed.

Important: Rules are complex. Always consult a tax professional or estate attorney for guidance.

Reduces assessed value by $7,000 for primary residences.

Prop 19 allows qualifying seniors to transfer their tax base.

Certain transfers between parents and children may avoid reassessment.

Disabled veterans may qualify for additional exemptions.

I'll help you understand the implications and connect you with the right professionals.