Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

What value of the transferred property is considered towards the $1,000,000 exclusion limit?

April 26, 2017exclusion limit Property transferred value

0

Posted

What value of the transferred property is considered towards the $1,000,000 exclusion limit?

1 Answer

0

Posted

It is the Proposition 13 value (factored base-year value) just prior to the date of transfer. Basically this is the taxable value on the assessment roll.