Site: nolo.com
... (The same applied for up to $1,000,000 of taxable value of other real property as well.) ... Prop 19 severely limits this benefit. ... will also be limited to the first $1,000,000 of increased value plus the current taxable value of the real ... Before Prop 19, when the parents transferred the vacation home to their child, there would have been ... Under Prop 19, the child may claim the parent-child exclusion from reassessment. ... California’s Prop 19 Changes Parent-Child Property Tax Assessments ...