To assist taxpayers, below are comparison charts reflecting the effects of Proposition 19.

PARENT-CHILD & GRANDPARENT-GRANDCHILD EXCLUSION
  Former LawProposition 19 (Current Law)
Principal Residence
  • Principal residence of transferor
  • No value limit
  • Residence and homesite (excess land may be excluded as "other property")
  • Principal residence of transferor and transferee
  • Value limit of current taxable value plus $1,000,000 (as annually adjusted)
  • Family homes and farms
Other Real Property
  • Transferor lifetime limit of $1,000,000 of factored base year value
  • Eliminates exclusion for other real property other than the principal residence
Grandparent-Grandchild Middle Generation Limit 
  • Parent(s) of grandchild, who qualifies as child(ren) of grandparent, must be deceased on date of transfer
  • No change:  parent(s) of grandchild, who qualifies as child(ren) of grandparent, must be deceased on date of transfer
Filing Period
  • File claim within 3 years or before transfer to third party
  • File for homeowners' exemption within 1 year of transfer
Implementing Statute
  • Revenue & Taxation Code section 63.1 (implements Propositions 58/193)
  • To be determined
Important Dates
  • Through February 15, 2021
  • Effective February 16, 2021

BASE YEAR VALUE TRANSFER – PERSONS AT LEAST AGE 55/DISABLED
  Current LawProposition 19
Type of Property
  • Principal residence
  • Principal residence
Timing
  • Purchase or newly construct residence within 2 years of sale
  • Purchase or newly construct residence within 2 years of sale
Location of Replacement Home
  • Anywhere in California
Value Limit
  • Equal or lesser value
    • 100% if replacement purchased/new construction prior to sale
    • 105% if replacement purchased/new construction in first year after sale
    • 110% if replacement purchased/new construction in second year after sale
  • Any value
  • Amount above 100% is added to transferred value
How many transfers?
  • One time
  • Exception:  After using once for age, second time for subsequent disability 
  • Three times
Implementing Statute
  • Revenue & Taxation Code section 69.5 (implements Propositions 60/90/110)
  • To be determined
Important Dates
  • Through March 31, 2021
  • Effective April 1, 2021

BASE YEAR VALUE TRANSFER – INTRACOUNTY DISASTER RELIEF
  Current LawProposition 19
Type of Property
  • Any type of property
  • Principal residence
Timing
  • Purchase or newly construct property within 5 years of disaster
  • Purchase or newly construct residence within 2 years of sale
Location of Replacement Property
  • Within same county
  • Anywhere in California
Value Limit
  • Any value
  • Amount above 120% is added to transferred value
  • Any value
  • Amount above 100% is added to transferred value
Type of Disaster
  • Disaster for which the Governor proclaims a state of emergency
  • Wildfire, as defined, or natural disaster as declared by the Governor
Implementing Statute
  • Revenue & Taxation Code section 69 (implements Proposition 50)
  • To be determined
Important Dates
  • Through March 31, 2021
  • Effective April 1, 2021

BASE YEAR VALUE TRANSFER – INTERCOUNTY DISASTER RELIEF
  Current LawProposition 19
Type of Property
  • Principal residence
  • Principal residence
Timing
  • Purchase or newly construct principal residence within 3 years of disaster
  • Purchase or newly construct principal residence within 2 years of sale
Location of Replacement Home
  • Anywhere in California
Value Limit
  • Equal or lesser value
    • 105% if purchased/new construction in first year after disaster
    • 110% if purchased/new construction in second year after disaster
    • 115% if purchased/new construction in third year after disaster
  • Any value
  • Amount above 100% is added to transferred value
Type of Disaster
  • Disaster for which the Governor proclaims a state of emergency
  • Wildfire, as defined, or natural disaster as declared by the Governor
Implementing Statute
  • Revenue & Taxation Code section 69.3 (implements Proposition 171)
  • To be determined
Important Dates
  • Through March 31, 2021
  • Effective April 1, 2021

Note: The information presented is intended to provide general and summary information about Proposition 19. It is not intended to be a legal interpretation or official guidance or relied upon for any purpose, but is instead a presentation of summary information. If there is a conflict between the information presented and the text of the proposition or its implementation, the text of the proposition or legal interpretation will prevail. It is highly encouraged that you consult an attorney for advice specific to your situation.

From Our Blog
Thursday, May 30, 2019

Is another Southern California housing crash needed to create ‘affordable’ housing?

By JONATHAN LANSNER | jlansner@scng.com | Orange County Register PUBLISHED: May 27, 2019 at 7:49 am | UPDATED: May 27, 2019 at 9:38 pm Are Southern California homes more unaffordable these days? Well, it depends ...  Read More

Monday, May 13, 2019

Bubble Watch: Orange County home sales at post-recession low

By JONATHAN LANSNER | jlansner@scng.com | Orange County Register PUBLISHED: May 6, 2019 at 12:37 pm | UPDATED: May 10, 2019 at 4:52 pm Buzz: It’s the slowest start to a year for Orange County’s ...  Read More