PROPOSITION 19 (2020)
BASE YEAR VALUE TRANSFERS
On October 1, 2021 SB-539 was signed by the Governor, adding section 69.6 to the Revenue and Taxation Code. We have started processing applications for base year value transfers. Please note, Prop 19 base year value transfers will not change the 2021/22 annual tax bills. Any adjustments will be carried out via the supplemental process.
If you have purchased a replacement property in Santa Cruz County, and have sold your original property, please complete the appropriate application form (see the All Forms Page).
**NEW INFORMATION** INTERGENERATIONAL TRANSFERS **NEW INFORMATION**
Effective 2/16/21, the transfer of a principal residence or a family farm is eligible for a parent/child or grandparent/grandchild exclusion. The transfer may be voluntary (gift or sale) or involuntary (death of the owner).
The principal residence of the transferor is only eligible for the exclusion if it becomes the principal residence of an eligible transferee within one year of the transfer.
The family farm of the transferor is only eligible for the exclusion if it becomes the family farm of an eligible transferee within one year of the transfer.
Filing requirements:
- Appropriate Prop 19 exclusion claim form(s):
- Change in Ownership Statement Death of Real Property Owner if the transfer was by death.
- If the transfer was through the medium of a will and/or trust, you must attach a full and complete copy of the will and/or trust and all amendments.
- Homeowners’ exemption claim form (only for principal residence claims)
We are waiting for a software update to accommodate these changes before we can begin processing Prop 19 intergenerational applications.
We recommend that you visit the Board of Equalization’s website for more information about the changes made by Prop 19. https://boe.ca.gov/prop19/.