I have siblings, a brother and sister who are 10 years younger, but I believe from what this says it will not help because they are not my son or daughter..?

Sorry, but your format is very confusing. I get the feeling that you don''t conclude a thought before you jump over to another example, leaving a lot of lose ends in the process. Why is that? Finish what you started before moving on to the next thought. Yes, it's a complicated subject, but changing horses in the middle of the stream is just chaotic. Watch your own video, and make a mark each time you shift to go back or forward only to have to return to what you were initially saying.

At 1:24 "...your taxes would probably be abut $600,000 per year..." on a $500,000 house? I thought non-primary residences were ALWAYS subject to re-assessment upon changing ownership? That's why so may people play games to try to maintain "primary residence" status, such as somehow showing residency in 2 of the previous 5 years. Prop 13 had a fatal flaw; it allowed commercial properties to dodge taxes forever by avoiding re-assessment while changing ownership. This was not something residential home owners could take advantage of, AND it took away a major source of revenue from the state. One of the results was the degradation of our school system. And what is one of the most important features of a community that a potential home buyer is looking for? A good school for their kids.

On no, someone who gets a property for free is going to have to pay the same property tax as someone who buys it with their own hard earned money? How faIr is that?

We can all thank Gavin Newsom for that, now you know why so many people are leaving California than there are moving in.

If I place my mother into assisting living facility and she passes, do I as the child/property still under prop13?

Does inheriting give the heirs a stepped up value while keeeping the low tax base? Staying in the home for a year under Prop 19 rules and then you decide to sell, can you port that tax base to the new home?

??? My daughter and my son in law have good jobs and have a great credit scores, however, they have been trying to buy a home, when the interest rate went up, they knew it was impossible to buy! I have a home I have in a Living Trust, with all of the laws changing, I want to leave our home to my daughter and her family when my husband and I pass away. My question is, will they be able to keep the property taxes I currently pay? Of course the raised 2% per year? And if they decide to sell it to purchase their own home with the equity in my home, will they pay taxes on that as income? Not sure of what advice to give them. We are in our late 60’s early 70’s I appreciate any and all advice and feedback. Thank you.

My sister did that! She stole everything worth anything. She didn't comply with the probate court. Today the judge appointed me instead of her. Our mom died in 2019 and only took everything she wanted.

The Democratic Party in California is a party of Grave Robbers.They sneak about with their misrepresented and over funded propositions twice have attacked prop 13. Liars without any guilt,rewriting even current History.The Press are their stooges.

Leaving a state of madness seems like the sane thing to do.

Our son is deceased. Can his daughter inherit and move in for one year to keep the Prop 13 benefits ?

Team Bidens wants to Raise the capital gains tax to 50%!!!! So, when you make $$$ from a sale of assests the Govt takes half!!!! This US Govt is the problem and the people in it. Defund the US Govt.

In America you never really own a house, you just rent from the government, just like in China I heard they rent for 100 years, property tax is a scam. I only invest In real state overseas

You vote for democrats, that's what you get

You never mentioned what happens if the property loses value!!

In life nobody rides for free!!!!

Greetings beloved 💕I hope you don’t feel I’m bothering you,I can’t just inbox for no reason,if I’m permitted i can tell you what I sensed

Excellent!! So glad that they are finally taxing inherited wealth

Once upon a time, 1400AD, there was a King and sent His Constubal out to collect Taxes. However, the citizens didn't have enough to satisfy the King. So, the King sent out His Constubal again, but this time He told the Constubal to take the farmer's Pig. The farmer replied; "if you take my Pig...I will not be able to feed the King." The Constubal being concerned said; "what?" The farmer explained that the Shit Sandwiches that He has been feeding the King...come from the PIG😂😂😂😂😂😂😂😂

What is this band in the background playing? I can’t barely follow what you’re saying.

Don't ask me what I want it for (Ah, ah, Mr. Wilson) If you don't want to pay some more (Ah, ah, Mr. Heath)

Nazifornia is and has been scking the life out of its citizens for decades, in return for NOTHING!!!!!!!!!!!

If your taxes are too high; lower them Otherwise stop giving a select few loopholes to lower them

If you are inheriting a house free and clear, paying extra property tax is not that burdensome

Sucks being one of those who don’t vote for any of California’s nutjob policies, yet have to pay the price and taxes. All the while being one who is forced to massively fund the bad ideas while being considered the problem because I am a white male.

I’m willing to bet most of the idiots that voted for this moved out of the state and left the rest of us holding the bag!👎🏼👎🏼👎🏼👎🏼

Let’s tax lawmakers every time they take dump in the toilet.

All of you eager to lay blame on a political party (or just simply ignorant) probably don’t know that this new tax bill was written, financed and lobbied for by the real estate industry in order to increase commissions… “The California Association of Realtors heavily sponsored the Proposition 19 constitutional amendment with the expectation of deriving significant profits from many more home sales under the ballot measure, including from both the expanded tax benefit portability provisions and from the significant narrowing of the inheritance exclusion provisions which will force more home sales.” And, every single major newspaper in LIBERAL CITIES opposed this bill. The only newspapers SUPPORTING THIS BILL WERE IN REPUBLICAN STRONGHOLDS. en.m.wikipedia.org/wiki/2020_California_Proposition_19

Washington has a 1% land tax without a prop 13 and they have no state income tax. People vote in special assessments that can go up into the 1000's.. currently l pay am extra 1000 dollars a year on top of my land taxes. I don't know how eashington does it but prop 13 isn't the problem.l voted against it because it included property that corporations owned. I don't think the7 should have been included. There are plenty of states with liw land taxes and they do fine. And yes you can point out some red states that tax low but they also offer very little help to their peopel either, so stop now.

Most Americans support their own demise…..keep supporting the same people destroying America…..

what if the owner moved into one of his/her non-owner occupied houses for a few years? Does that make it her new primary residence and does that abate the higher reassessment?

What happens if the person/child moves out after a year. Does the property get reassessed then.

Very helpful

I voted against this proposition back in 2020 but I suppose people are stupid and like to pay thousands of dollars in extra property taxes every year.

I inherited my brother's home in 2020. He had Prop 13 advantages since the home had belonged to our parents, and he was added when our father passed. When our mother passed, he was grandfathered in to Prop 13 since his name was already on the deed. Since Prop 19 only is given to Parent-Child or Grandparent-Child inheritances, I was not able to take advantage of the changes. Property taxes quadrupled, even though we made it our primary home, and I'm over 55. Prop 19 didn't help me at all. I sold the home in 2022, that was the plan all along. The buyer became upset when they realized that their property taxes were about 5X what my brother had paid and wanted to sue me for the change in property taxes. I hadn't done anything wrong, which was what they first tried to claim. A few months after the home was sold, they tried to get me to sign a document that said I would pay THEIR property taxes in perpetuity, retroactive to the date of sale. Um......no. Didn't sign and said "see you in court". They haven't bothered me since. This is one way people can lose possession of an inherited home.....if they can't pay the property taxes on the reassessed value, you're sunk. I'm not in CA anymore.

Newsome!! Vote him out people!!! Good grief!!!

Vote the Dems Out!

California government is scamming people everyway they can! It's *ABUSE OF AUTHORITY*! And that happens to be a federal crime!

Prop 19 was a disaster and has resulted in higher rents in a state where rents were already high. The reassessed property taxes were just passed on to the tenants.

If you choose the promissory note/deed of trust route privately between siblings, how is the interest rate determined?

Gavin and the dorks in the legislature claim that this law could not be undone.

A question I have is does the beneficiary have to be the one who moves in or can it be another family member who is not a direct beneficiary of the trust?

rothschilds and other robber barons create death tax to end the new wealth from passing it on because lords and bankers have loop holes to get around it.

Property Tax is an illegal tax. clean your gun.

I thought prop 13 put a 1% cap on property tax, not 2%. Am I wrong?

And thanks to the anarchist messages from Newsom and Scott, Weiner and Harris and all other evil legislators good luck finding a rente that won’t squat or try to sue you to get the golden ticket to steal your property from you California has become so small business unfriendly and landlord unfriendly that it’s not even worth owning property and of course the investor class like black rock and friends love this and I’m created this insidiously

So when the Howard Jarvis association tried to put a bill together called the taxpayer protection act, the facetious legislature went to the liberal Supreme Court to stage that the taxpayer protection act is too aggressive and not constitutional and basically they are going to try to get something together where you don’t even need a 2/3 majority of the legislature or you need a 2/3 majority pushback from the electric that is insane in order to stop any tax hike you have to come up with a 2/3 majority from the people that can’t be organized in California very easily. People here are so stupid and enchanted with the environment that they’re being taken advantage of like stupid sheep and evil legislators know this and this is how they get other crap and go down here too these people are insidious.

Gavin Newsom and Kamala Harris are obviously working for Black rock and U-Haul and they’re the most nasty disgusting people who have ever lived

So the real estate lobby, real estate association plus Blackrock and private equity lobbyist fix this law to confiscate as many single-family homes as they could buy surprise and decimate estates because they are insidious hideous people who can’t make money without defaulting in confiscation. This is beyond confiscatory. This is stealing and, there’s no full-blown journalistic rescue like we used to sort of have in the past because they own the media outlets and all you hear about is oh bad democratic policies look at crime and look at people leaving explains the combination of prop 19 and the fuel tax and all the other regulations that make California the most confiscatory state on earth breathe air and you’re broke