2017 Senate Bill 78 ↩

Senate Roll Call 110: Passed

To exempt from the property tax assessment “pop up” the transfer of a decedent’s principle residence to a family member, for up to two years. The “pop up” is the provision of the 1994 Proposal A tax limitation initiative that makes a property’s market value the basis of property tax assessments when it is sold, rather than the capped (and lower) “taxable value” of the previous owner.