Important Information

Proposition 58 applies to transfers occurring on or after November 6, 1986. Proposition 193 applies to transfers occurring on or after March 27, 1996.

Claims must ordinarily be filed within three years of the date of transfer, or date of death, but before transfer to a third party. However, a claim will also be considered timely if it is filed within six months after the mailing of the Notice of Assessed Value Change.

Legislation effective January 1, 1998 (Senate Bill 542), now allows claims to be filed after the above deadlines, subject to certain conditions. The property must not have been transferred to a third party.

In addition, the exclusion may only be applied to future tax years. It cannot be applied retroactively back to the date of transfer.

Claim forms are distributed at your local tax assessor’s office and/or may be available on your local tax assessor’s website.

Have a good one and let me know if you need anything.