Senate Bill 542 allowed for claims to be filed after the three year deadline from the date of transfer or date of death as long as claims are filed within six months of getting a Notice of Assessed Value Change. That way, until the notice is sent qualifying children or qualifying grandchildren who were transferred property still have a chance to file a claim.

So, what properties count? What are the effective dates for these propositions?

  • Proposition 58 applies to transfers to children that occurred on or after November 6, 1986.
  • Proposition 193 applies to transfers to grandchildren occurred on or after March 27, 1996.

Still, the properties couldn’t have gotten transferred to a third party and still qualify for the property tax protections afforded in these propositions. Additionally, the property tax reassessment exclusions might not be applied to the current tax bill. The exclusion might only get applied to the next year’s and future years taxes. You certainly can’t go back retroactively to the date of transfer just because you were finally send a Notice of Assessed Value Change.

Do You Need A California Realtor Specializing In Probate?

We are experts in the probate sale under the probate code and trust law. So, we know the California Probate Code. We won’t let you get lost in it. If you need a realtor in California specializing in probate, please contact us today! We are upfront and honest about the costs of probate. Everyone wants to know about probate fees, but no one wants to talk about them. We will though. Sentinel Realty Partners wants our clients to be fully prepared and fully informed about buying or selling California probate real estate.

We have a list of the absolute best probate lawyers in California available for our customers. Plus, we also have relationships with the most vetted contractors, plumbers and electricians in California. See? We will guide you through every step of the process of selling (or even purchasing) a home involved in probate.

If you are buying a home in California, please have a look at our probate property search. If you need a Los Angeles, Orange County, Riverside, or San Bernardino professional to help you through the probate real estate maze, call us! These waters a murky, and you’ll want a knowledgeable, dependable, responsive team behind you. Check out Sentinel Realty Partners’ client reviews.

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