Base Year Value Transfers (Age 55+, Disabled, Disaster Victims) Base Year Value Transfers - Prop 19

Who qualifies:
-Age 55+ on the date the original home sold, or
-Severely disabled (with physician’s certificate), or
-Victim of a wildfire or natural disaster.

Timing:

Sale of original home and purchase/construction of replacement must occur on or after April 1, 2021 and within 2 years of each other Prop 19

Property rules:
-Original home must have been your principal residence and subject to reappraisal at current market value at sale.
-Replacement must be your principal residence, eligible for homeowner’s or disabled veteran’s exemption, and purchased/newly built within 2 years.

Value limit:

Replacement can be more expensive; if so, only the difference is added to the transferred value Base Year Value Transfers - Prop 19

Impact:

Can save thousands annually in property taxes; up to three transfers allowed (unlimited for disaster victims) Keep Your Taxes Low Taxes

Intergenerational Transfers (Parent/Child, Grandparent/Grandchild)  Intergenerational Transfers

Who qualifies:

Transfer of a principal residence or family farm between parents/children or grandparents/grandchildren.
Must occur on or after Feb 16, 2021.

Rules:

-Principal residence must become the transferee’s home within 1 year.
-Family farm must continue as such.
-Value limit: Current taxable value + $1,000,000 (adjusted biennially) The Home Protection for Seniors, Severely Disabled, Families, and Victims of Wildfire or Natural Disasters Act
-Transferee must qualify for homeowner’s or disabled veteran’s exemption within 1 year.

How to Apply in SLO County Base Year Value Transfers - Prop 19

Check eligibility (age, disability, disaster, or family transfer).

Gather documents: proof of age, disability certificate, sale/purchase records, exemption eligibility.

File with SLO County Assessor via the “Base Year Value Transfers” or “Intergenerational Transfers” portals.

Meet deadlines:

- Base year transfer: within 2 years of sale/purchase.
- Intergenerational: within 3 years of transfer.

Local Resources

SLO County Assessor – Prop 19 Base Year Value Transfers: slocounty.ca.gov

SLO County Assessor – Intergenerational Transfers: slocounty.ca.gov 

California State Board of Equalization – Prop 19: boe.ca.gov/prop19

Tip: In SLO County, home values have risen sharply; Prop 19 can preserve low tax bases for eligible owners and families, but timing and documentation are critical. Consult the Assessor or a local tax/estate planning attorney before making a transfer.