Proposition 19 Transfer Appraisals in California

California's Proposition 19 changed how inherited property is taxed. When a home transfers from parent to child (or grandparent to grandchild), the property is generally reassessed to current market value unless the child moves in as a primary residence — and even then, only a limited amount of the prior assessed value is protected. The difference between the old assessed value and today's market value can mean a substantial change in property taxes.

A current fair-market-value appraisal helps families understand their reassessment exposure before making decisions about keeping, transferring, or selling an inherited property.

When it helps

• Planning an inheritance and estimating the future property-tax impact
• Deciding whether a child will occupy the home to preserve part of the base-year value
• Documenting market value at the time of transfer
• Weighing whether to keep or sell an inherited property

We provide the market-value analysis; your CPA or attorney applies the specific Prop 19 calculations to your situation. This is an area where a clear, defensible appraisal pays for itself.