BOE-19-P  2022 Claim for Reassessment Exclusion: for transfers  between parent & child, plus exclusions for homeowners over 55

Accessing the CA Board of Equalization BOE 19-P Form

Here, we’ll be talking about downloading and reading through the CA State Board of Equalization (BOE) form instructions – found at the end of the BOE 19-P form.  All you have to do to download the form is click on the “BOE 19-P Download” button; and carefully follow the instructions that are laid out in a simple, easy to understand format. 

First of all, make sure your personal data is correct, and well organized… and fill in the BOE 19-P form with the right info; always referring to the instructions on each page…

The instruction pages give you an explanation for:

1. Download all PDF forms to read all instructions.

2. Info required to fill out every section in each form.

3. Filing deadlines for every form – if there is a deadline.

4. Details associated with every section of each BOE form.

5. Details concerning all requirements for every form.
 
Items to Look Out For in the BOE 19-P Form

On November 3, 2020, California voters approved Proposition 19. Besides parent-to-child and grandparent-to-grandchild property tax exclusions becoming active on Feb 16, 2021 – the base year value-of- inherited-property transfer went into affect Apr 1, 2021 – enabling beneficiaries inheriting property from parents to avoid steep property tax reassessment (despite certain limitations).

Californians genuinely liked the idea of significant property tax relief from Proposition 58 being carried over to Proposition 19, including the critical parent-child exclusion from reassessment and other property tax transfer benefits such as the ability to transfer parents property taxes, inheriting property taxes to avoid property tax reassessment…  As well as new, genuinely expanded exclusions for homeowners over 55 – and/or with serious disabilities (folks that are typically ignored or taken advantage of by business people or business organizations holding power).

Eligible California homeowners are moving quickly on new CA property tax relief opportunities.  Seniors and elderly homeowners can now take advantage of genuine, meaningful property tax relief benefits – commonly known as exclusions for homeowners over 55 – along with Californians that have inherited or own a primary residence that has been destroyed or  severely damaged by forest fires or a natural disaster such as flooding from severe storms, or an earthquake. 

As part of the Proposition 19 (formerly Proposition 58) property tax relief measure, certain specific homeowners, coming from other  challenging situations, can now avoid property tax reassessment. The  CA State Board of Equalization  rules and regulations,  in conjunction with the CA Tax Assessors’ Assoc, has created seven new forms to assist County Tax Assessors –

CA Board of Equalization stipulations read as follows:

“The language of Proposition 19 for both the base year value transfer provisions and the parent-child and grandparent-grandchild exclusion provisions have specified operative dates, as follows:

• The parent-child and grandparent-grandchild exclusion provisions become operative on February 16, 2021.

• The base year value transfer provisions become operative on April 1, 2021. As part of the Proposition 19 implementation process, the State Board of Equalization (BOE), in consultation with the California Assessors’ Association, has created the following seven new forms to assist County Assessors:

• BOE-19-B, Claim for Transfer of Base Year Value to Replacement Primary Residence for Persons at Least Age 55 Years

• BOE-19-C, Certification of Value by Assessor for Base Year Value Transfer

• BOE-19-D, Claim for Transfer of Base Year Value to Replacement Primary Residence for Severely Disabled Persons

• BOE-19-DC, Certificate of Disability

• BOE-19-G, Claim for Reassessment Exclusion for Transfer Between Grandparent and Grandchild Occurring on or After February 16, 2021

• BOE-19-P, Claim for Reassessment Exclusion for Transfer Between Parent and Child Occurring on or After February 16, 2021

• BOE-19-V, Claim for Transfer of Base Year Value to Replacement Primary Residence for Victims of Wildfire or Other Natural Disaster”

If we pay close attention to the positive tax relief  benefits  Prop 19 affords us, we can end up in much better shape at the end of the property tax relief process, with regards to our property tax burden;  minimizing or eliminating the dangers of property tax reassessment!