California Family Code section 297, which took effect Jan. 1, 2006, provides many of the same property-tax benefits received by married couples to domestic partners who are registered with the California Secretary of State. Learn more about exclusions for registered domestic partners who own property.
The completion of construction triggers a supplemental assessment for the value added or subtracted from the prior value of the property. There are, however, times when new construction does not result in a supplemental assessment at the time of completion.
California law provides for an exclusion from reappraisal for transfers between parents and children and, in certain cases, between grandparents and grandchildren. A non pro rata distribution means that each heir receives an equal proportion of the entire estate but not necessarily of each asset.
In order to encourage continuing family ownership of property, California voters passed Proposition 58 in November 1986, which permits parents and children to transfer a principal place of residence without limit as to taxable value. This page explains parent to child exclusions.