Significant Property Tax Law Change to Come Later this Month ...Middle East

Sacramento – On November 3, 2020, California voters approved Proposition 19, The Home Protection for Seniors, Severely Disabled, Families, and Victims of Wildfire or Natural Disasters Act. Beginning on February 16, 2021, there will be significant property tax law changes, specifically for families transferring real property between parents and children, or between grandparents and grandchildren if the parents are deceased. “We are about two weeks away before the new law goes into effect,” said California State Board of Equalization (BOE) Chairman Antonio Vazquez.  “Families who planned to leave property to their children should immediately evaluate their options and make a decision that’s b

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