The Assessor is required to assess the property at its current market value when a change in ownership occurs. This usually results in an increase in property taxes. However, there are some changes in ownership that are excluded from reassessment.
Builder’s ExclusionIf you are a builder who constructs property for resale, you may be eligible for Supplemental tax exclusion.
Exclusion of New Construction for Disabled OwnerQualifying property owners who perform construction, installation, removal, or modification to an existing property to make it more accessible to a severely and permanently disabled person may be eligible, upon timely filing, for an exclusion from reassessment.
Inter-Spousal ExclusionAll transfers between married couples during the period of marriage are excluded from change in ownership reassessment.
Joint Tenancy ExclusionLearn more about rights afforded to Joint Tenants.
Reappraisal Exclusion from Grandparent to GrandchildReal property sold or transferred from Grandparent to grandchild, under limited circumstances, will not be reassessed.
Registered Domestic Partners ExclusionRegistered Domestic Partners are not subject to reassessment as changes in ownership under California law.
Earthquake RetrofitSeismic retrofitting is new construction that may qualify for assessment exclusion.
SolarCertain solar energy systems may qualify for new construction exclusions.
Reappraisal Exclusion Between Parent to ChildReal property sold or transferred between parents and their children, under limited circumstances, will not be reassessed.