Proposition 193 allows for property tax relief by excluding a property from reassessment for property taxes is passed from grandparent to grandchild. Not all grandchildren qualify though. California’s Proposition 193 is kind of an extension of Proposition 58. Proposition 58 prevents reassessment when real property transfers occur between parents and children. The state’s Proposition 193 was created to grant the same tax relief in situations where properties are passed down to grandchildren.
California voters decided to enact Proposition 58 and Proposition 193 to make it easier to keep property “in the family.” Avoiding a reassessment can make it so family members can afford to take over a family home, when they might not be capable otherwise.
Proposition 193 has the same relationship requirements as Proposition 58. The grandchildren for the purposes of Proposition 193 must be either grandchildren, step-grandchildren or grandchildren-in-law. Additionally, the parents of the grandchild or grandchildren who would qualify for a Proposition 58 exclusion must not still be alive. If the parents were alive, then the exclusion would go instead to the deceased property owners children (the Proposition 193 grandchildren’s parents.)
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