• Find a Home
    • Search by City or Neighborhood
    • South Bay RE News
    • Open Houses
      • Open Houses in El Segundo CA
      • Manhattan Beach Open Houses
      • Redondo Beach Open Houses
      • Torrance Open Houses
      • Hermosa Beach Open Houses
      • Palos Verdes Estates Open Houses
      • Rancho Palos Verdes Open Houses
      • Hawthorne CA Open Houses
    • All Manhattan Beach
      • Hill Section
      • Sand Section
      • Tree Section
      • Manhattan Village
      • East Manhattan Beach
      • East Manhattan – S of MB Blvd
      • Liberty Village
    • All Redondo Beach
      • North Redondo Beach
      • South Redondo Beach
      • The Village and Seascape
    • Hermosa Beach
    • El Segundo
    • Torrance
    • Palos Verdes
      • Palos Verdes Estates
      • Rancho Palos Verdes
      • Rolling Hills
      • Rolling Hills Estates
    • Hollywood Riviera
    • Hawthorne
      • Hollyglen and Del Aire
        • Three Sixty South Bay
        • Fusion South Bay Townhomes – Gated Community in Hawthorne
    • 55+ Senior Communities
    • Oceanfront Homes
    • Lawndale
    • Gardena
    • Marina Del Rey
    • Westchester
  • FREE Listing Updates
    • Entire South Bay
    • Manhattan Beach
    • Redondo Beach
    • Hawthorne, Hollyglen, 360 and Fusion
    • Torrance
    • Plaza Del Amo
  • Buyers
    • Search South Bay Homes
    • Search for homes
    • Buyer & Seller FAQs
      • Home Buyer and Seller Basics
      • Tips and FAQs
      • First Time Buyer Info
  • Sellers
    • Your Home’s Value
    • Recent South Bay Sales
    • Our Listing Presentation
    • What’s A CMA?
    • Listing and Selling
    • How We Market Homes
    • How We Sell Homes
    • Client Testimonials
  • Neighborhoods
    • Search by Neighborhood
    • Schools
      • El Segundo Schools
      • Hermosa Beach Schools
      • Redondo Beach Schools
      • Wiseburn School District
      • Torrance Schools – Information on the Torrnance USD
      • Manhattan Beach Schools
        • Manhattan School Boundary Map
        • Homes in Meadows area
        • Homes in Pennekamp area
        • Homes in Pacific area
        • Homes in Robinson area
        • Homes in Grandview area
      • Palos Verdes School District
      • Hawthorne Elementary School District
      • Lawndale School District
        • Lawndale School Boundary Map
    • El Segundo
    • Hawthorne
    • Hermosa Beach
    • Lawndale
    • Manhattan Beach
      • Sand Section
      • Manhattan Village
      • Tree Section
      • Hill Section
      • East Manhattan
    • Palos Verdes
      • Real Estate Map
    • Redondo Beach
      • North Redondo Beach
        • The Golden Hills
      • South Redondo Beach
        • Village Oceanview Condos
        • Brookside Village
        • The Esplanade
        • The Avenues
      • Hollywood Riviera
    • Torrrance
      • North Torrance
      • Walteria and Victoria Knolls
      • Central Torrance & Plaza Del Amo
      • Harbor Gateway & County Strip
      • Plaza Del Amo
      • Southwood
      • West Torrance
      • Gated Communities Plaza Del Amo
      • South Torrance
    • Three Sixty South Bay – Gated Resort Style Living
    • Fusion South Bay Townhomes – Gated Community in Hawthorne
    • Foreclosures and Short Sales
    • Hollyglen and Del Aire
    • Harbor City
    • Lomita
  • About
    • Real Estate Trends and Statistics
    • Median Home Prices
    • Recent Home Sales
    • Client Testimonials
    • South Bay Realtor Keith Kyle
    • Vista Sotheby’s
    • Tax Information
      • Capital Gains Tax
      • 1031 Exchange
      • Property Tax FAQs
      • Props 60 and 90
      • Ways of Owning
      • Homeowner’s Exemption
  • Real Estate Blog
  • Home

Real estate and homes for sale in the South Bay

Keith Kyle Realtor - Vista Sotheby's International Realty

You are here: Home / California Real Estate Tax Information / Comparing Prop 19 with Previous California Propositions

Comparing Prop 19 with Previous California Propositions

The following is information from the California State Board of Equalization website regarding prop 19.  Visit the website for moreSigning documents and paperwork information.   See all about proposition 19 in Calfornia.   As noted on their site:

The information presented is intended to provide general and summary information about Proposition 19. It is not intended to be a legal interpretation or official guidance or relied upon for any purpose, but is instead a presentation of summary information. If there is a conflict between the information presented and the text of the proposition or its implementation, the text of the proposition or legal interpretation will prevail. It is highly encouraged that you consult an attorney for advice specific to your situation.

To assist taxpayers, below are comparison charts reflecting the effects of  current law Proposition 19 with former propositions .

PARENT-CHILD & GRANDPARENT-GRANDCHILD EXCLUSION

Proposition 58/193 (Former Law) Proposition 19 (Current Law)
Principal Residence
  • Principal residence of transferor
  • No value limit
  • Residence and homesite (excess land may be excluded as “other property”)
  • Principal residence of transferor and transferee
  • Value limit of current taxable value plus $1,000,000 (as biennially adjusted)
  • Family homes and farms
Other Real Property
  • Transferor lifetime limit of $1,000,000 of factored base year value
  • Eliminates exclusion for other real property other than the principal residence
Grandparent-Grandchild Middle Generation Limit
  • Parent(s) of grandchild, who qualifies as child(ren) of grandparent, must be deceased on date of transfer
  • No change:  parent(s) of grandchild, who qualifies as child(ren) of grandparent, must be deceased on date of transfer
Filing Period
  • File claim within 3 years or before transfer to third party
  • File for homeowners’ exemption within 1 year of transfer
  • File claim for exclusion within 3 years or before transfer to third party
Implementing Statute
  • Revenue & Taxation Code section 63.1 (implements Propositions 58/193)
  • Revenue and Taxation Code section 63.2 (implements Proposition 19)
Important Dates
  • Through February 15, 2021
  • Effective February 16, 2021

BASE YEAR VALUE TRANSFER – PERSONS AT LEAST AGE 55/DISABLED

Propositions 60/90/110 (RTC Section 69.5) Proposition 19 (RTC Section 69.6)
Type of Property
  • Principal residence
  • Principal residence
Timing
  • Purchase or newly construct residence within 2 years of sale
  • Purchase or newly construct residence within 2 years of sale
Location of Replacement Home
  • Same county
  • County with intercounty ordinance (10 counties)
  • Anywhere in California
Value Limit
  • Equal or lesser value
    • 100% if replacement purchased/newly constructed prior to sale
    • 105% if replacement purchased/newly constructed in first year after sale
    • 110% if replacement purchased/newly constructed in second year after sale
  • Any value
  • No adjustment to transferred base year value if the replacement property is of equal or lesser value than the original property’s market value. “Equal or lesser value” means:
    • 100% if replacement purchased/newly constructed prior to sale
    • 105% if replacement purchased/newly constructed in first year after sale
    • 110% if replacement purchased/newly constructed in second year after sale
  • Amount above “equal or lesser value” is added to transferred value
How many transfers?
  • One time
  • Exception:  After using once for age, second time for subsequent disability
  • Three times
Implementing Statute
  • Revenue & Taxation Code section 69.5 (implements Propositions 60/90/110)
  • Revenue and Taxation Code section 69.6 (implements Proposition 19)
Important Dates
  • Replaced by Proposition 19 (Revenue and Taxation Code section 69.6)
  • Effective April 1, 2021

BASE YEAR VALUE TRANSFER – INTRACOUNTY DISASTER RELIEF

Proposition 50 (RTC Section 69) Proposition 19 (RTC Section 69.6)
Type of Property
  • Any type of property
  • Principal residence
Timing
  • Purchase or newly construct property within 5 years of disaster
  • Purchase or newly construct residence within 2 years of sale
Location of Replacement Property
  • Within same county
  • Anywhere in California
Value Limit
  • Any value
  • Amount above 120% is added to transferred value
  • Any value
  • No adjustment to transferred base year value if the replacement property is of equal or lesser value than the original property’s market value. “Equal or lesser value” means:
    • 100% if replacement purchased/newly constructed prior to sale
    • 105% if replacement purchased/newly constructed in first year after sale
    • 110% if replacement purchased/newly constructed in second year after sale
  • Amount above “equal or lesser value” is added to transferred value
Type of Disaster
  • Disaster for which the Governor proclaims a state of emergency
  • Wildfire, as defined, or natural disaster as declared by the Governor
Implementing Statute
  • Revenue & Taxation Code section 69 (implements Proposition 50)
  • Revenue and Taxation Code section 69.6 (implements Proposition 19)
Important Dates
  • Effective July 1, 1985
  • Effective April 1, 2021

BASE YEAR VALUE TRANSFER – INTERCOUNTY DISASTER RELIEF

Proposition 171 (RTC Section 69.3) Proposition 19 (RTC Section 69.6)
Type of Property
  • Principal residence
  • Principal residence
Timing
  • Purchase or newly construct principal residence within 3 years of disaster
  • Purchase or newly construct principal residence within 2 years of sale
Location of Replacement Home
  • County with intercounty ordinance (14 counties)
  • Anywhere in California
Value Limit
  • Equal or lesser value
    • 105% if purchased/newly constructed in first year after disaster
    • 110% if purchased/newly constructed in second year after disaster
    • 115% if purchased/newly constructed in third year after disaster
  • Any value
  • No adjustment to transferred base year value if the replacement property is of equal or lesser value than the original property’s market value. “Equal or lesser value” means:
    • 100% if replacement purchased/ newly constructed prior to sale
    • 105% if replacement purchased/ newly constructed in first year after sale
    • 110% if replacement purchased/ newly constructed in second year after sale
  • Amount above “equal or lesser value” is added to transferred value
Type of Disaster
  • Disaster for which the Governor proclaims a state of emergency
  • Wildfire, as defined, or natural disaster as declared by the Governor
Implementing Statute
  • Revenue & Taxation Code section 69.3 (implements Proposition 171)
  • Revenue and Taxation Code section 69.6 (implements Proposition 19)
Important Dates
  • Effective October 20, 1991
  • Effective April 1, 2021

Note: The information presented is intended to provide general and summary information about Proposition 19. It is not intended to be a legal interpretation or official guidance or relied upon for any purpose, but is instead a presentation of summary information. If there is a conflict between the information presented and the text of the proposition or its implementation, the text of the proposition or legal interpretation will prevail. It is highly encouraged that you consult an attorney for advice specific to your situation.

Keith Kyle Homes logo
 
Manhattan Beach
Hermosa Beach
North Redondo
South Redondo
El Segundo
Torrance
Palos Verdes Estates
Rancho Palos Verdes
Hollywood Riviera
Hollyglen
Lawndale
Hawthorne
Gardena
Manhattan Village
Rolling Hills Estates
MB Sand Section
MB Tree Section
MB Hill Section
East Manhattan
Oceanfront Homes
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional. The information being provided by CRMLS & CARETS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CARETS, CLAW, CRISNet MLS, i-Tech MLS, PSRMLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Any property information referenced on this website comes from the Internet Data Exchange (IDX) program of CRISNet MLS and/or CARETS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

 

Please see our pledge to web accessibility

  • El Segundo
  • Hermosa Beach
  • Three Sixty
  • Manhattan Beach
  • PVE
  • RPV
  • Redondo Beach
  • Torrance
  • Fusion