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prop13 taxes can be passed to grandchildren "In 1986 and 1996 respectively, California voters passed Propositions 58 and 193, which extended Prop 13 to exclude
by pound 8y ago
prop13 taxes can be passed to grandchildren
"In 1986 and 1996 respectively, California voters passed Propositions 58 and 193, which extended Prop 13 to exclude from reassessment property transfers between parents and children (58) and grandparents and grandchildren (193). As a result, when you inherit a home in California, you inherit its tax assessment as well"
- gnicholas 8y agoIt can only be passed to grandchildren when the children (the parents of the grandchildren, and all of their siblings) are all dead already. This rarely happens, which is why property tax inheritance almost never ends up going to someone with young children. https://www.avvo.com/legal-guides/ugc/prop-13-transfers-to-grandchildren-in-california https://www.avvo.com/legal-guides/ugc/prop-13-transfers-to-g...
- pound 8y agoThanks, I didn't know that. But back to taxes in general - if we want to have schools funded only by current parents contributions those are private schools.