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Updated:   2026-02-04

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Measure
Authors Seyarto  
Subject Property taxation: change in ownership: family homes and farms.
Relating To relating to taxation, to take effect immediately, tax levy.
Title An act to amend Section 63.2 of the Revenue and Taxation Code, relating to taxation, to take effect immediately, tax levy.
Last Action Dt 2026-01-22
State Amended Senate
Status Pending Referral
Flags
Vote Req Approp Fiscal Cmte Local Prog Subs Chgs Urgency Tax Levy Active?
Majority No Yes No None Yes Yes Y
i
Leginfo Link  
Bill Actions
2026-01-27     Read third time. Passed. (Ayes 40. Noes 0.) Ordered to the Assembly.
2026-01-27     In Assembly. Read first time. Held at Desk.
2026-01-26     Read second time. Ordered to third reading.
2026-01-22     From committee: Do pass as amended. (Ayes 7. Noes 0.) (January 22).
2026-01-22     Read second time and amended. Ordered to second reading.
2026-01-21     Set for hearing January 22.
2026-01-20     January 20 hearing: Placed on APPR. suspense file.
2026-01-15     Read second time and amended. Re-referred to Com. on APPR.
2026-01-15     Set for hearing January 20.
2026-01-14     From committee: Do pass as amended and re-refer to Com. on APPR. (Ayes 5. Noes 0.) (January 14).
2026-01-05     From committee with author's amendments. Read second time and amended. Re-referred to Com. on REV. & TAX.
2025-12-23     Set for hearing January 14.
2025-02-19     Referred to Com. on REV. & TAX.
2025-02-07     From printer. May be acted upon on or after March 9.
2025-02-06     Introduced. Read first time. To Com. on RLS. for assignment. To print.
Versions
Amended Senate     2026-01-22
Amended Senate     2026-01-15
Amended Senate     2026-01-05
Introduced     2025-02-06
Analyses TBD
Latest Text Bill Full Text
Latest Text Digest

The California Constitution limits the amount of ad valorem taxes on real property to 1% of the full cash value of that property, defined as the county assessor’s valuation of real property as shown on the 1975–76 tax bill and, thereafter, the appraised value of the real property when purchased, newly constructed, or a change in ownership occurs after the 1975 assessment, subject to an annual inflation adjustment not to exceed 2%.

Pursuant to constitutional authorization, existing property tax law, on and after February 16, 2021, excludes from classification as a change in ownership the purchase or transfer of a family home or family farm, as those terms are defined, of the transferor in the case of a transfer between parents and their children, or between grandparents and their grandchildren if all the parents of those grandchildren are deceased, if the property continues as the family home or family farm of the transferee, as specified. For purposes of the transfer of a family home, that law requires the transfer to be of a principal residence of the transferor and to become the principal residence of the transferee within one year of the transfer. That law also requires the transferee to file for the homeowners’ or disabled veterans’ exemption within a year of the transfer, as described.

This bill would provide that, in the event of a transfer to an eligible transferee as a result of the death of an eligible transferor by an order entered pursuant to specified existing law, the one-year periods described above shall be deemed to commence as of the effective date of the order, as specified.

Existing law requires the state to reimburse local agencies annually for certain property tax revenues lost as a result of any exemption or classification of property for purposes of ad valorem property taxation.

This bill would provide that, notwithstanding those provisions, no appropriation is made and the state shall not reimburse local agencies for property tax revenues lost by them pursuant to the bill.

This bill would take effect immediately as a tax levy.