Will Prop 19 trigger property tax reassessment on your inherited California home? This calculator gives you an educational estimate of your new property tax bill under the parent-child transfer exclusion.
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For a qualifying parent-child transfer of a family home, the applicable value threshold is generally the parent's factored base year (taxable) value plus $1,044,586, for transfers occurring from February 16, 2025 through February 15, 2027. If the property's fair market value at the time of transfer exceeds that threshold, the excess is generally added to the transferred taxable value. If you don't make the property your primary residence, it's generally reassessed to current market value.
Eligibility depends on additional requirements, including the nature of the property, the relationship between the parent and child, principal-residence requirements on both sides of the transfer, and required filings with the county assessor. For illustration, this calculator estimates property tax using a 1.1% rate; actual rates vary by location and may include voter-approved indebtedness, special assessments, Mello-Roos, and other charges.
Proposition 19 can materially change the annual carrying cost of an inherited California home. This estimate is meant to help you understand the potential magnitude of that change. It does not determine whether keeping, renting, buying out another heir, or selling the property is the better financial decision, that depends on your income-tax basis, anticipated appreciation, rental income, financing, maintenance and insurance costs, transaction expenses, and your individual circumstances.
If you're trying to decide between keeping or selling, read our complete decision framework for inherited California homes.
Wolf Allies connects you with a California specialist who can give you a no-cost market analysis and help you make the decision with full information.
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