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People get to pass on their privileged tax status onto their heirs That wasn't in Prop 13, that was a product of later initiatives. It is also newly limited by
by DrScump 6y ago
People get to pass on their privileged tax status onto their heirs
That wasn't in Prop 13, that was a product of later initiatives. It is also newly limited by Prop 19 last November.
- manfredo 6y agoProp 19 only made is so that heirs inherit the tax status if they use the home as a primary residence. So you can still own 3 houses, and give each one to a child and they will inherit the property tax if they live in it.