What are the time filing requirements of Propositions 58 and 193? Parent-Child and Grandparent-Grandchild Exclusion. Our goal is to provide a good web experience for all visitors. Claim forms are available to view and/or print by clicking below. The Assessor has developed an on line tool to look up basic information, such as assessed value and assessor's parcel number (APN), for real property in Santa Clara County. Riverside County Assessor - County Clerk - Recorder - Home Page Transactions only to correct the name(s) of the person(s) holding title to real property or transfers of real property for the purpose of perfecting title to the property (for example, a name change upon marriage). Please visit our FAQ page or click on your countys page for contact information. DoNotPay knows how much bills like this can hurt. Proposition 19, which takes effect on February 16, 2021, changes the criteria for excluding from reassessment a transfer between a Parent and a Child, or from a Grandparent to a Grandchild. Transfers that occur prior to that date fall under Proposition 58 and Proposition 193 provisions, respectively. How Does Santa Clara County Work Out Your Property Tax? The transfer of a principal residence between parents and children, and the transfer of up to one million dollars ($1,000,000) of other real property between parents and children, is excluded from reappraisal under some circumstances. Our lawyer bots work around the clock to get you due date extensions for, The worlds first robot lawyer will provide assistance even with, DoNotPay Breaks Down Communication Barriers, Communication and new technologies walk hand in hand, and DoNotPay can smooth out any bumps on that road. This is a California Counties and BOE website. The guide deals with two areas of interest, namely: Your one-stop-shop property guide is easy to get by following these steps: DoNotPay knows that exemptions are not available to everyone. Now that the children are grown adults, their grandparents wish to gift a piece of bare land to them. You must choose which exclusion you wish to apply your base year value. Business Forms Request a Change of Mailing Address Exemption Claims General Forms Possessory Interest Reassessment Exclusion Section All Available Forms Otherwise, the higher original Proposition 13 base year value set under the transferor's ownership would someday be reinstated as market conditions improve over time and at a level higher than they would be if the property had received a new Proposition 13 base year value as of the date the property was transferred. 2008/018 or you may call the Assessment Services Unit at 916-274-3350. You may also call the Assessors Office at (916) 875-0750 (8am-4pm), or FAX ouroffice at (916) 875-0765. A reasonable effort has been made to ensure the accuracy of the data provided; nevertheless, some information may be out of date or may not be accurate. Information in this article has been derived in part from written and oral opinions from the State Board of Equalization (the SBOE). No individual data or information is maintained at this site or can be accessed through this site. $ 14.00. A transfer of more than a 50% of an interest in a legal entity could trigger a CIO and property owned by that entity will be reassessed. So long as the individuals and the legal entity have the same proportional ownership interests, the real property will not be reassessed when transferred to or from the entity or the individual. For more information please call the Assessors Office at (916) 875-0750 (8am-4pm), FAX our office at (916) 875-0765, or email us at Download Acrobat Reader. USING THE LEGAL ENTITY EXCLUSION TO AVOID REASSESSMENTSection 64(a)(c) and (d), USING THE PROPORTIONAL INTEREST EXCLUSION TO AVOID REASSESSMENTSection 62(a)2, USING THE ORIGINAL TRANSFEROR RULE TO DELAY REASSESSMENTSection 65 and amended Rule 462.040, USING THE DOMESTIC PARTNER EXCLUSIONS TO AVOID REASSESSMENT Property Tax Rule 462.240(k) and Section 62(p), USING THE PARENT-CHILD EXCLUSION TO AVOID REASSESSMENT AFTER PROPOSITION 19Section 63.1 as modified by Assembly Constitutional Amendment No. Is the transfer of real property to or from my family partnership eligible for the exclusions? All Rights Reserved. Mom, Dad and Son owning real property 40%, 40% and 20% can also transfer the real property to an LLC in which the Mom, Dad and Son have the same proportionate interests. The administration of a trust is governed by the trust instrument. A limited liability company is considered a legal entity, as are partnerships, and corporations. The Proposition 13 value (factored base year value) just prior to the date of transfer. A child, by virtue of being a child, is not a person who is eligible to get their parents information unless they are acting in one of the above-mentioned roles. Please send a fax on your letterhead to the County Assessed Properties Division at 1-916-285-0134 that includes: (1) a statement that explains your relationship to the client, (2) your client's name, (3) your client's social security number, and (4) a return fax number if your office has multiple locations. Multiplying the Santa Clara County tax rate by your propertys assessed value gives you your property tax amount. A reasonable effort has been made to ensure the accuracy of the data provided; nevertheless, some information may be out of date or may not be accurate. Code 63.1. PARENT/CHILD AND GRANDPARENT/GRANDCHILD TRANSFERS, FOR TRANSFERS THAT OCCURRED PRIOR TO FEBRUARY 16, 2021. If the trustee has the power to distribute on a non-pro rata basis, this means the trustee can allocate specific assets to individual beneficiaries. (PROP 19), 55 OR OLDER TRANSFER OCCURRED PRIOR TO APRIL 1, 2021 (PROP 60), 55 OR OLDER TRANSFER OCCURRED ON OR AFTER APRIL 1, 2021 (PROP 19), DISABLED PERSON TRANSFER OCCURRED PRIOR TO APRIL 1, 2021 (PROP 110), DISABLED PERSON TRANSFER OCCURRED AFTER APRIL 1, 2021 (PROP 19), DISASTER BOTH ORIGINAL AND REPLACEMENT IN SANTA CRUZ COUNTY TRANSFER ON ANY DATE ANY PROPERTY TYPE, DISASTER ORIGINAL AND REPLACEMENT IN DIFFERENT COUNTIES TRANSFER ON OR AFTER APRIL 1, 2021 - PRINCIPAL RESIDENCE ONLY, Commissions, Committees & Advisory Bodies, Commissions, Committees & Other Advisory Bodies, Santa Cruz County Foster Care & Adoptions, Office of Response, Recovery & Resilience, Environmental Health - Consumer Protection, Santa Cruz Small Business Development Center, CHANGE OF OWNERSHIP STATEMENT - RESIDENT OWNED MOBILE HOME PARK, CHANGE OF OWNERSHIP STATEMENT - NOTICE OF DEATH OF REAL PROPERTY OWNER, PROPERTY DAMAGED BY MISFORTUNE OR CALAMITY, OWNERSHIP STATEMENT, COOPERATIVE HOUSING CORPORATION, SUPPLEMENTAL SCHEDULE FOR REPORTING MONTHLY ACQUISITIONS AND DISPOSALS OF PROPERTY REPORTED ON SCHEDULE B OF THE BUSINESS PROPERTY STATEMENT, ALTERNATE SCHEDULE A FOR BANK, INSURANCE COMPANY, OR FINANCIAL CORPORATION FIXTURES, APPLICATION FOR DEDUCTION OF VEHICLES' LICENSE FEES FROM PROPERTY TAX, PROP 58 - CLAIM FOR REASSESSMENT EXCLUSION FOR TRANSFER BETWEEN PARENT AND CHILD, CLAIM FOR REASSESSMENT EXCLUSION FOR TRANSFER FROM GRANDPARENT TO GRANDCHILD, CLAIM FOR REASSESSMENT EXCLUSION FOR TRANSFER BETWEEN PARENT AND CHILD OCCURRING ON OR AFTER FEBRUARY 16, 2021, CLAIM FOR REASSESSMENT EXCLUSION FOR TRANSFER BETWEEN GRANDPARENT AND GRANDCHILD OCCURRING ON OR AFTER FEBRUARY 16, 2021, PROP 60 - CLAIM OF PERSON(S) AT LEAST 55 YEARS OF AGE FOR TRANSFER OF BASE YEAR VALUE TO REPLACEMENT DWELLING, NOTICE OF RESCISSION OF CLAIM TO TRANSFER BASE YEAR VALUE TO REPLACEMENT DWELLING, CLAIM FOR TRANSFER OF BASE YEAR VALUE TO REPLACEMENT PRIMARY RESIDENCE FOR PERSONS AT LEAST AGE 55 YEARS, DISABLED PERSONS CLAIM FOR TRANSFER OF BASE YEAR VALUE TO REPLACEMENT DWELLING, CLAIM FOR TRANSFER OF BASE YEAR VALUE TO REPLACEMENT PRIMARY RESIDENCE FOR SEVERELY DISABLED PERSONS, CLAIM FOR INTRACOUNTY TRANSFER OF BASE YEAR VALUE FOR PROPERTY DAMAGED OR DESTROYED IN A GOVERNOR-DECLARED DISASTER TO REPLACEMENT PROPERTY, CLAIM FOR TRANSFER OF BASE YEAR VALUE TO REPLACEMENT PRIMARY RESIDENCE FOR VICTIMS OF WILDFIRE OR OTHER NATURAL DISASTER, CLAIM FOR REASSESSMENT REVERSAL FOR LOCAL REGISTERED DOMESTIC PARTNERS, REASSESSMENT EXCLUSION FOR TRANSFER OF CORPORATION STOCK FROM PARENT TO CHILD, DISABLED PERSONS CLAIM FOR EXCLUSION OF NEW CONSTRUCTION, CLAIM FOR DISABLED ACCESSIBILITY CONSTRUCTION EXCLUSION FROM ASSESSMENT, CLAIM FOR SEISMIC SAFETY CONSTRUCTION EXCLUSION FROM ASSESSMENT, INITIAL PURCHASER CLAIM FOR RAIN WATER CAPTURE SYSTEM NEW CONSTRUCTION EXCLUSION, CLAIM FOR SOLAR ENERGY SYSTEM NEW CONSTRUCTION, CLAIM FOR TRANSFER OF BASE YEAR VALUE FROM QUALIFIED CONTAMINATED PROPERTY TO REPLACEMENT PROPERTY, CLAIM FOR BASE YEAR VALUE TRANSFER - ACQUISITION BY A PUBLIC AGENCY, CLAIM FOR EXCLUSION FROM SUPPLEMENTAL ASSESSMENT FOR NEW CONSTRUCTION (Builder's Exclusion), EXEMPTION OF LEASED PROPERTY USED EXCLUSIVELY FOR LOW INCOME HOUSING, SUPPLEMENTAL AFFIDAVIT FOR BOE-236 HOUSING, CLAIM FOR EXEMPTION FROM PROPERTY TAXES OF AIRCRAFT OF HISTORICAL SIGNIFICANCE, CLAIM FOR DISABLED VETERANS' PROPERTY TAX EXEMPTION, DISABLED VETERANS' HOUSEHOLD INCOME WORKSHEET, CLAIM FOR HOMEOWNERS' PROPERTY TAX EXEMPTION, RECLAMO PARA LA EXENCIN DE IMPUESTOS PREDIALES DE LOS PROPIETARIOS DE CASAS, WELFARE EXEMPTION SUPPLEMENTAL AFFIDAVIT HOUSING, ELDERLY OR HANDICAPPED FAMILIES FAMILY HOUSEHOLD INCOME REPORTING WORKSHEET, WELFARE EXEMPTION SUPPLEMENTAL AFFIDAVIT, HOUSING LOWER INCOME HOUSEHOLDS, LOWER INCOME HOUSEHOLDS FAMILY HOUSEHOLD INCOME REPORTING WORKSHEET, WELFARE EXEMPTION SUPPLEMENTAL AFFIDAVIT, LOW-INCOME HOUSING PROPERTY OF LIMITED PARTNERSHIP, WELFARE EXEMPTION SUPPLEMENTAL AFFIDAVIT, HOUSING LOWER INCOME HOUSEHOLDS TENANT DATA, WELFARE EXEMPTION SUPPLEMENTAL AFFIDAVIT, HOUSEHOLDS EXCEEDING LOW-INCOME LIMITS, WELFARE EXEMPTION SUPPLEMENTAL AFFIDAVIT, ORGANIZATIONS AND PERSONS USING CLAIMANTS REAL PROPERTY, WELFARE EXEMPTION SUPPLEMENTAL AFFIDAVIT, REHABILITATION . In Santa Clara Countys case, the tax rate equates to 0.73%, which is very low compared to the U.S. average of 1.07%. The e-Forms Site provides specific and limited support to the filing of California property tax information. The information contained in this web site is for the current owner of record only. For property tax purposes, we look through the trust to the present beneficial owner. If a transfer of real property results in the transfer of the present interest and beneficial use of the property, the value of which is substantially equal to the value of the fee interest, then such a transfer would constitute a change in ownership unless a statutory exclusion applies. Rev. Transfers between former spouses after marriage (in connection with a property settlement agreement or dissolution) are also excluded. 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