Hi,

I’m still hearing from realtors that your child or grandchild is okay if they live in your family home as their primary residence within one year when you pass away. That could not be more untrue. The property taxes will be reassessed to full market value if they live in it minus the one million exclusion. If they rent it out, it will be reassessed to full market value without the one million exclusion. Most homes in California at market value are at least one million dollars. Not sure how someone thinks it’s fair to base property tax on the market value. 
Please take the time to look into what your family home’s market value is now and what it will be when you may pass away. Then minus the one million exclusion if your child lives in it. 

You can find prop 19 calculators on your county’s property tax website. They will calculate your child’s potential new property tax bill under prop 19. 
For example, here is the calculator from Santa Clara county: https://www.sccassessor.org/index.php/online-services/prop19-calculate

The fine print in Proposition 19 matters. A lot of Realtors are spreading untrue information. Please also take a look at this chart I attached.  The chart is from the Board of Equalization. It gives an easy comparison of what we lost and what we we now have to deal with under prop 19. 

Thank you! Hope you had a safe Fourth of July! :)

Errin :)