University of California, Berkeley: What is the official rule for Change-of-ownership reassessment?
DIRECT ANSWER
Source guidance recorded on 2026-10-15. Confirm the applicable policy year, cohort and property jurisdiction before relying on time-sensitive facts.
A purchase generally triggers reassessment to current fair market value as of the ownership-change date under Proposition 13.
Sources & verification
- Change-Of-Ownership Reassessment — www.boe.ca.gov source-backed-recovered-record
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