Parent-Child Exclusion From Reassessment
What is this service?
The Parent-Child Exclusion form is filed when applying for an exclusion from reassessment on property transferred between parents and children. This exclusion prevents the property taxes from being reassessed to current market value when parents or children transfer property to each other. This allows the transfer of the parent's (or child's) assessed value (Prop 13 value) to be passed to their child or parent. Typically the Prop 13 value is less than the current market value, which would become the assessed the value if the exclusion is not applied.
Who can use this service?
This service is for changes in property ownership between parents and children. There are rules and limits on the amount of property value that can be excluded from reassessment. Please read the instructions on the Transfer Parent-Child form or call the Assessor at (805) 781-5643 for more information.
Is there a charge for this service?
There is no fee for the Parent-Child exclusion provided the claim form is filed in a timely manner. Late filers must pay a fee. Please see the County Administrative Office fee schedule for the current fiscal year.
When and where is this service offered?
This service is available throughout the year during regular business hours except during scheduled holidays.
Location, directions and hours of operation
Click on location name to show hours of operation, directions and phone information
1055 Monterey Street Suite D360 San Luis Obispo, CA 93408
Tel: (805) 781-5643
Main Office Fax: (805)-781-5641
Real and Business Property Fax: (805)-788-2042
Public Service/Front Counter Fax: (805)-788-2041
Mapping and Transfers Fax: (805)-781-4034
6565 Capistrano Avenue Atascadero, CA 93422
Tel: (805) 461-6143
Fax: (805) 461-6159
Frequently Asked Questions
In order to qualify for this exclusion, a properly completed, state-approved Transfer Parent-Child claim form must be flied timely with the Assessor. If not timely filed, processing fees may apply.
What can be excluded from reassessment?
This exclusion includes transfers of a principal residence and up to $1,000,000 of full cash value (as defined) in other real property for each transferor/grantor. This exclusion does not apply if the real property interest is part of a legal entity.
Who qualifies for an exclusion on transfers between parents and children?
This exclusion is for family transfers between parents and children that occurred on or after November 6, 1986. "Children" includes natural, step and in-law relationships as defined by law. It also includes children that were adopted before the age of 18.