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.

Proposition 193

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.)

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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