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Prop 19 Action Alert!: “Repeal the Death Tax” Bill Introduced in the Legislature (To Remove The Death Tax Increases Imposed by Proposition 19)

  • March 10, 2023
  • devinlucas

Exceptional news (but don’t hold your breath just yet) – a bill has been introduced in the California Legislature to repeal the costly property tax increases imposed on property owners’ heirs by Proposition 19 (which causes, in most cases, a reassessment of real estate upon the death of the owner, no longer allowing for the long-standing parent-child exclusions)

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Proposition 19 Repeal Efforts Fall Short For November Ballot Initiative 

  • May 8, 2022
  • devinlucas

Efforts to repeal Proposition 19’s costly Death Tax On Inherited Property have fallen short for the November ballot initiative. Over 402,000 signatures were obtained to repeal those provisions of Prop 19 which wiped out former Propositions 58 and 193 (those propositions allowed parents to transfer their ‘prop 13 basis’ or ‘proposition 13 basis’ to their children; now no longer due to Prop 19’s changes, thus causing a substantial ‘death tax’ on California inherited property).

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What Happens If I Cannot Meet the One Year Deadline to Move In and File the Claim for Homeowners’ Exemption Under Prop 19?

  • April 18, 2022
  • devinlucas

The answer to this critical question is in FLUX.  The official answer, detailed below, is that the one (1) year deadline is firm, with no exceptions.  HOWEVER, as of April 1, 2022, the BOE has used its “Emergency Powers” to enact a common sense answer to this question (allowing additional time to file a claim for Homeowners Exemption, with caveats).