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Assessors, BOE officials flag Prop 19 intergenerational transfer as growing problem for taxpayers and county budgets
Summary
County assessors told the State Board of Equalization on Oct. 22 that the intergenerational transfer provisions of Proposition 19 remain a source of taxpayer confusion and fiscal strain; assessors said a legislative or ballot fix would be difficult without resolving large budget tradeoffs.
Chair Gaines and members of the State Board of Equalization heard repeated concerns on Oct. 22 from county assessors about aspects of Proposition 19, especially how its intergenerational transfer provisions affect heirs and county revenues.
San Francisco Assessor Joaquin Torres told the board that his office and others continue to receive questions and complaints about how base‑year value transfers and intergenerational transfers apply. "There is still angst and confusion around support generally for the base year value transfer," Torres said, adding that the intergenerational transfer…
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