PROP19 BYT
HOW MANY TIMES CAN A PERSON TRANSFER THEIR BASE YEAR VALUE UNDER PROP19?
WHAT IS 3?
FUN FACT - A MARRIED COUPLE CAN HAVE A TOTAL OF 6 TRANSFERS
WHAT COUNTY HAVE WE HAD THE MOST TRANSFERS OF VALUE FROM?
WHAT IS SANTA CLARA? (6)
- 2ND PLACE IS MADERA W/4
WHAT IS THE OPERATIVE DATE FOR PROP19?
WHAT IS FEBRUARY 16, 2021?
A SUPPLEMENTAL BILL THAT HAS A 990 AND A 991 HAS OCCURRED DURING THIS PERIOD
WHAT IS THE WINDOW PERIOD?
WHAT IS THE TERM OF THE ASSESSOR?
WHAT IS FOUR YEARS?
WHERE CAN YOU TRANSFER YOUR VALUE UNDER PROP19?
WHAT IS ANYWHERE IN THE STATE OF CA?
WHO IS THE TRANSFEROR?
WHO IS THE SELLER OR PRIOR OWNER?
HOW LONG DOES THE EXCLUSION REMAIN ON THE PROPERTY FOR A FAMILY FARM?
WHAT IS UNTIL A SUBSEQUENT RE-ASSESSMENT OCCURS?
PRIOR TO PROP 13, REAL PROPERTY WAS APPRAISED EVERY (HOW MANY) YEARS?
WHAT IS EVERY THREE - FIVE YEARS?
WHEN WAS PROP13 PASSED?
WHAT IS 6/6/1978?
WHAT IS THE OPERATIVE DATE FOR PROP19 BYT?
WHAT IS APRIL 1, 2021?
WHAT DOCUMENT IS REQUIRED TO MAKE AN APPLICATION FOR BYT COMPLETE?
WHAT IS PROOF OF AGE?
WHAT IS THE PER-TRANSFEROR VALUE LIMIT OF "OTHER PROPERTY" EXCLUDED UNDER PR19?
WHAT IS ZERO?
"OTHER PROPERTY" IS COMMERCIAL, INDUSTRIAL, OR RENTAL PROPERTY THAT IS NOT EXCLUDED UNDER PROP19
WHAT PERCENT OF PROPERTY TAX COLLECTED IS RETURNED TO THE COUNTY?
WHAT IS 15%?
IN WHAT ELECTION WAS PROP19 PASSED?
WHAT IS THE NOV 2020 GENERAL ELECTION?
WHAT IS THE VALUE LIMIT IF PURCHASED PRIOR TO THE SALE OF THE ORIGINAL PROPERTY?
WHAT IS 100%?
WHAT % OF THE APPLICATIONS HAVE COME FROM ANOTHER COUNTY?
A) 42%
B) 52%
C) 62%
WHAT IS 52%?
FUN FACT – IN 2019 WE ONLY HAD 6 PR60’S AND IN 2020 WE ONLY HAD 10 PR60’S
HOW LONG DOES THE EXCLUSION REMAIN ON A FAMILY HOME?
WHAT IS AS LONG AS IT IS THE PRIMARY RESIDENCE OF THE TRANSFEREE?
HOW MANY SQUARE FEET IN AN ACRE?
WHAT IS 43,560?
WHAT IS THE SIGNIFICANCE OF R&TC 532(B)(2)?
WHAT IS A EIGHT-YEAR ESCAPE
WHAT MUST THE "INBOUND" COUNTY RECEIVE FROM THE "OUTBOUND" COUNTY BEFORE PROCESSING THE APPLICATION?
WHAT IS CERTIFICATION OF VALUE?
WHAT IS THE VALUE LOST TO THIS EXCLUSION?
A) 8,579,740
B) 7,579,740
C) 9,857,400
WHAT IS A? $8,579,740.00
- $85,797.40 IN TAXES
WHAT IS THE FILING DEADLINE FOR A PROP19 EXCLUSION FOR THE TRANSFER OF A FAMILY HOME?
WHAT IS ONE YEAR FROM THE EVENT DATE?
CALIFORNIA'SPROPERTY TAX LAW OF (WHAT YEAR) ESTABLISHED PROPERTY TAX AS THE STATES MAJOR SOURCE OF REVENUE?
WHAT IS 1850?
THE COUNTY ASSESSOR MUST ANNUALLY ASSESS ALL PROPERTY IN THE COUNTY EXCEPT FOR ?
WHAT IS STATE-ASSESSED PROPERTY?