Claim for Reassessment Exclusion for Transfer Between Grandparent & Grandchild (BOE-58-G)

When the ownership is transfer from grandparent(s) to grandchild(ren), the property is re-assessable to market value unless the transfer qualifies for the grandparent(s) to grandchild(ren) reassessment exclusion.  The parents of the grandchild(ren) who qualify as child(ren) of the grandparent(s) must be deceased as of the date of the transfer.

This exclusion only applies to transfers that occur on or after March 27, 1996.

Submission Deadline: The Claim for Reassessment Exclusion for Transfer From Grandparent to Grandchild form must be filed either within three years of the purchase or transfer of the property, or prior to the subsequent transfer of the property to a third party, whichever is earlier.  If the claim form has not been filed by the date specified in the preceding sentence, it will be timely if filed within six months after the date of mailing of the notice of supplemental or escape assessment for the property.  If a claim is not timely filed, the exclusion will be granted beginning with the calendar year in which the claim is filed. 

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Last updated: 1/03/17