Prop 19: Huge Changes to the Parent-Child Property Tax Exclusion Starting February 16, 2021
On November 3, 2020, Californians voted to pass Proposition 19. This amendment to the California constitution will have a huge, negative impact on preserving low property tax rates in property transfers between parents and children by substantially narrowing which transfers will qualify for the exclusion once Prop 19 takes effect on February 16, 2021. Previously, … Continue reading Prop 19: Huge Changes to the Parent-Child Property Tax Exclusion Starting February 16, 2021