Parent to Child Transfer Property Tax Savings

Jordan Marks, your San Diego County Assessor/Recorder/County Clerk wants to help San Diego County homeowners grow their generational wealth by saving money on their property taxes!

The Proposition 19 Intergenerational Exclusion from reassessment, or more commonly known as the parent to child transfer, was passed by voters to prevent your family from being taxed out of your family home when it passes between generations. It allows a primary residence and its low Proposition 13 assessed value to be transferred between parents and children or grandparents to grandchildren (when the parents are deceased) up to a statutory limit, for as long as the property remains the primary residence of the qualified beneficiaries.

You have one year from the date of transfer or date of death to file the necessary Intergenerational Exclusion related paperwork to be considered a timely filing and to preserve the lower property taxes. This video was created to help you understand the benefits as well as walk you through the filing process, so you make the most out of this property tax saving opportunity.

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To learn more about other ways we can save you money on your property taxes or other services that my office provides, please visit www.sdarcc.gov.

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