Prop 58 Prop 193 Parent Child Grandparent Grandchild FAQ

Thanks for visiting our website to check out the Propositions 58 & 193 – Parent/Child and Grandparent/Grandchild FAQ. Hopefully this FAQ will answer your questions about what Prop 58 and Prop 193 are and what it can mean for you with regard to your property taxes.

On the chance that we don’t answer your Prop 58 and Prop 193 questions, we are happy to respond to your emails or get on the phone to discuss your issue. Here at Tax Appeal Consultants we’re very passionate about Property Tax Problems, Issues, Questions, and anything relating to Property Tax Appeals or  Property Tax Reductions. By visiting this FAQ page and doing research on Proposition 58 and Proposition 193 it shows you are most likely also concerned about your property taxes. Is your Commercial or Residential property located in Southern California? If so we would love a chance to work for you.

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Prop 58 Prop 193 Parent Child Grandparent Grandchild FAQ

What are Propositions 58 and 193?
Which transfers of real property are excluded from reassessment by Propositions 58 and 193?
What value of the transferred property is counted toward the $1 million exclusion limit?
Is it always beneficial to claim this exclusion?
Who are considered eligible children under Proposition 58 and grandchildren under Proposition 193?
Are my grandchildren eligible transferees of my property for purposes of Proposition 193 if my daughter passed away and she was divorced from her husband (my ex-son-in-law) who is still living?
Are my grandchildren eligible transferees of my property for purposes of Proposition 193 if my daughter passed away and her husband (grandchildren's father) has not remarried?
I have raised my two stepchildren alone since their mother, my wife, died ten years ago. Now that the children are grown adults, their grandparents wish to gift a piece of bare land to them. Can this transfer be sheltered from reappraisal under Proposition 193?
I want to give my second home to my grandson, but his father, my son, is still alive. Can my son file a disclaimer so that my grandson is eligible for the grandparent-grandchild exclusion?
I'm thinking of giving several rental properties to my children. Can I decide which child gets the exclusion?
My mother recently died. She owned three properties via her trust. The trust provides that my two sisters and I are to share and share alike all the trust assets. However, each of us wants to take title to a separate property. Would the properties be eligible for the parent-child exclusion?
My father's property was in a trust. The assessor asked for a copy of the trust. Can I provide a certification of trust in lieu of the trust documents?
Is the transfer of real property to or from my family partnership eligible for the exclusions?
My mother was the sole beneficiary of two trusts which owned a family partnership that owned real property. I recently inherited the partnership interest via the trusts. Is this eligible for the parent-child exclusion?
I am over 55 and planning on selling my long-time residence to my child. Can my child benefit from the parent-child exclusion and can I also transfer my base year value (Proposition 60) when I purchase a replacement property?
Is there a limit placed on my principal residence's assessed value that may be excluded from reassessment?
What forms do I use to file for these exclusions?
What are the time filing requirements of Propositions 58 and 193?
Can I still be granted the exclusion if I file after the three-year filing period?
I still have questions about Propositions 58/193. Where can I find more information?
I know I’ve filed claims and used part of my $1 million exclusion, but I don’t know how much. Is there a way that I can get this information?
Can I find out how much of the $1 million exclusion my parents have used?
I am an attorney. Can I find out how much of the $1 million exclusion my client has used? Do I need written authorization from my client to request this information?
I am a CPA and have authorization to file tax documents on behalf of my clients. Can I find out how much of the $1 million exclusion my client has used? Do I need written authorization from my client to request this information?
Can property held by a corporation or partnership qualify?
The claim form asks for information about the transferor and transferee. Who is the transferor and who is the transferee?
Do all children (transferees) need to sign the claim form?
What is the definition of a “child” for the purpose of this exclusion?
What type of property can be transferred without a tax increase?
Can a transfer of real property between grandparent and grandchild qualify for this exclusion if the parent disclaims any interest in the grandparent’s property?
Will I get the exclusion automatically?
When must the claim for the exclusion be filed?
Is there a filing deadline for this exclusion?
Is there anything I can do after the deadline?
Can children apply for a Parent-Child Exclusion if their parents have also applied for a Reappraisal Exclusion for Seniors on the same property?
Can property held by my parents in a trust qualify for this exclusion?

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