An “intergenerational transfer exclusion” allows the taxable value of a property to remain the same for the person receiving the property as that of the person transferring the property.
Property owners with severe and permanent disabilities can transfer the taxable value of their homes upon change of ownership and avoid paying higher property taxes.
Making changes to your home? Under state law, your property tax may increase due to new construction activity. In general, new construction refers to any improvements other than normal maintenance or repair. When new construction is performed, the changed or new part of your home may be assessed to reflect its contributing market value, thus increasing your property’s assessment.
The Williamson Act allows landowners to enter into voluntary contracts with Tulare County, restricting land to agricultural or open space use for a minimum of nine years in exchange for property tax relief.
