Proposition 19 Comparison Charts

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

PARENT-CHILD & GRANDPARENT-GRANDCHILD EXCLUSION
	Former Law	Proposition 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
	Former Law	Proposition 19 (Current Law)
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	Same county County with intercounty ordinance (10 counties)	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
	Former Law	Proposition 19 (Current Law)
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
	Former Law	Proposition 19 (Current Law)
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	County with intercounty ordinance (13 counties)	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.

Source: BOE

Main Content

PARENT-CHILD & GRANDPARENT-GRANDCHILD EXCLUSION

BASE YEAR VALUE TRANSFER – PERSONS AT LEAST AGE 55/DISABLED

BASE YEAR VALUE TRANSFER – INTRACOUNTY DISASTER RELIEF

BASE YEAR VALUE TRANSFER – INTERCOUNTY DISASTER RELIEF