​Change in Ownership Reassessment Exclusions

Refinancing:   

Refinancing is not considered a change in ownership, and refinancing a property should not result in reassessment. The Assessor will typically request additional information from the property owner to verify that the transaction was for refinancing purposes only.  (ref. Revenue and Taxation Code 62(c)) 
 

Husband/Wife (Inter-Spousal) Change in Ownership Exclusion:

Any transfer of property between spouses during marriage (or transfers between former spouses after marriage in connection with a property settlement agreement or dissolution) is excluded from the change in ownership reassessment requirement of Proposition 13. In other words, transfers of property between husband & wife should not trigger reassessments. No claim form is required; however, additional documentation may be required. For further information contact the Assessor at (916) 875-0750, or by fax at (916) 875-0705. (ref. Revenue and Taxation Code 63)
 

Registered Domestic Partners Change In Ownership Exclusion:

Beginning January 1, 2006 transfers of real property between registered domestic partners are excluded from being considered a change in ownership.  For further information contact the Assessor at (916) 875-0750, or by fax at (916) 875-0705.   (ref. Revenue and Taxation Code 62(p))
 

Cotenancy Change in Ownership Exclusion:

Transfers of a cotenancy interest from one cotenant to another that occur due to the death of one cotenant  and after January 1, 2013 may be excluded from reassessment if certain conditions are met. These include: the sole two cotenants together must own 100% interest in the property; the transfer results in the surviving cotenant owning 100% of the property;  the property was the principal residence of both cotenants immediately preceding the transferor cotenants's death;  the two cotenants owned and continuously resided in the property for the one year period preceding the date of transfer.  A claim form is required, and the transferee must sign an affidavit affirming residency.  For further information contact the Assessor at (916) 875-0750, or by fax at (916) 875-0705.  (ref. Revenue and Taxation Code 62.3)
 

Parent/Child Change in Ownership Exclusion:

Transfers between parents and their children (in either direction) of a principal residence and up to $1 million (taxable value) of other property may be excluded from change in ownership reassessment, providing a claim is filed and certain requirements are met. This provision of the law is often referred to as 'Prop 58.'
 
A claim for this exclusion must be filed within three years of the date of transfer in order to receive the benefit back to the date of transfer. If a valid claim is filed after that initial three year time limit has expired, the exclusion will only be available prospectively from the lien date following the filing date and forward. This benefit applies to Parent/Child transfers made on or after November 6, 1986, but the three year filing period only applies to transfers occurring on or after September 30,1990. For more information about these exclusions, visit the Parent/Child and Grandparent to Grandchild Change in Ownership Exclusions - How to Avoid Reassessment When Transferring Property Within a Family Page or call (916) 875-0750 (8am-4pm), or fax (916) 875-0705.
 
An application must be filed with the Assessor and the appropriate form can be found in the Exclusion FORMS section of this site, or you may request a form by calling (916) 875-0750 (8am to 4pm), or by fax at (916) 875-0705. (ref. R&T 63.1)

Grandparent to Grandchild Change in Ownership Exclusion:

A similar exclusion was enacted for transfers of property occurring on or after March 27, 1996, in which property is transferred from a Grandparent to a Grandchild (but only in that direction) under certain limiting conditions. Among those limiting conditions are that all the parents (of the grandchild or grandchildren to whom the property is being transferred) who qualify as children of the grandparents transferring the property are deceased as of the date of transfer (Rev. & Tax 63.1(c)). For more information about these exclusions visit, the Parent/Child and Grandparent to Grandchild Change in Ownership Exclusions - How to Avoid Reassessment When Transferring Property Within a Family Page or call (916) 875-0750 (8am-4pm), or fax (916) 875-0705.
 
An application must be filed with the Assessor and the appropriate form can be found in the Exclusion FORMS section of this site, or you may request a form by calling (916) 875-0750 (8am to 4pm), or by fax at (916) 875-0705. (ref. R&T 63.1(c))
 

Proportional Interest Transfer Change in Ownership Exclusion:

Any transfer between an individual and a legal entity (or between legal entities) that results solely in a change in the method of holding title in which the proportional ownership interests of the transferors and transferees remain exactly the same is excluded from reassessment under Proposition 13. No claim form is required; however, additional documentation may be required. For further information contact the Assessor at (916) 875-0750, or by fax at (916) 875-0705. (ref. R&T 62(a)(2))