Props 58 & 193 (rev. 11-01)
PROPOSITION 193:GRANDPARENT-GRANDCHILD EXCLUSION
Proposition 193, approved by voters on March 26,1996, approved an amendment to Article XIIIA of theCalifornia Constitution. Prop 193 extended theProposition 58 exclusion to certain transfers of
real property
between
grandparent and grandchild
.
What are the qualifying conditions?
•
The transfer must occur on or after March 27,1996;
and
•
The parents of the transferee grandchild(ren)must qualify as the children of the transferor grandparents, and both parents of the transfereegrandchild(ren) must be deceased as of the dateof the transfer.
What is the filing deadline for a Prop 193 claim?
The exclusion claim must be filed either (1) withinthree years of the purchase or transfer of theproperty, or (2) prior to the subsequent transfer of theproperty to a third party, whichever is earlier.However, if the claim is filed within six months after the date of mailing of the assessor’s notice of supplemental or escape assessment issued as aresult of the purchase or transfer for which the claimis filed, the claim will be deemed timely. Further, if the property has not been transferred to a third party,the assessor may grant the exclusion prospectivelypursuant to an otherwise untimely claim, if certainconditions are met.
CLAIM FORMS, INFORMATION &ASSISTANCE ARE AVAILABLE.CONTACTTHE ASSESSOR’S OFFICE(Ask for the “Transfer Section”)COUNTY OF SAN MATEOASSESSOR-COUNTY CLERK-RECORDER555 COUNTY CENTER, FIRST FLOORREDWOOD CITY, CA 94063PHONE:(650) 363-4500FAX:(650) 363-1903ON THE INTERNET:www.care.co.sanmateo.ca.usOpen 8 AM to 5 PM
Parent-Grandparent or Child-GrandchildReassessmentExclusions:
Propositions 58 & 193
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