Hello Mel,
Thank you and EDIA for welcoming Assessor Torres and our team yesterday. We’re happy many of the attendees found it useful. I’m sharing the slide deck (attached) to distribute to attendees. It has an updated Base Year Value Transfer example on slide #22. We are also sharing our staff’s answer to an unanswered question from the audience.
Question: If I own property and I want to add my husband to title, will this trigger a reassessment?
Answer: No, adding a spouse to title will not trigger a reassessment. Source: Revenue and Taxation Code section 63 (see attached), Inter-Spousal Exclusion | CCSF Office of Assessor-Recorder
Please share this with the group when you have a chance. We look forward to collaborating with you again! Have a good rest of the week.
Best,
Tina Novero
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