044: Property Tax Exclusions in California Probate: The Rules Most Families Get Wrong, with Gregory R. Broege

California property taxes don't follow simple rules, and that gap in knowledge costs families thousands of dollars every year. In this episode, Sam Price sits down with Gregory R. Broege, a partner at Ajalat, Polley, Ayoob, Matarese, and Broege, to break down what actually happens to property taxes when a real property owner dies in California. Gregory walks through the interspousal exclusion, the sweeping 2021 changes to the parent/child exclusion under Prop 19, grandparent/grandchild transfers, equalized distributions, and the co-tenancy exclusion for unmarried co-owners. The difference between the old rules and the new ones isn't academic. A family home that qualified for full exclusion before 2021 could now trigger a partial reassessment even when every requirement is met. Anyone working in California probate needs to understand these rules before a filing deadline passes. In this episode, you will hear: Prop 13 basics and why California property taxes reset at death How the interspousal exclusion protects surviving spouses from reassessment The 2021 Prop 19 changes that rewrote the parent/child exclusion rules Filing deadlines and homeowner's exemption requirements heirs must meet When the grandparent/grandchild exclusion applies and why the middle generation matters Equalized distributions and trust loans as strategies for keeping the Prop 13 base The co-tenancy exclusion for unmarried co-owners sharing a principal residence Resources from this Episode https://apataxlaw.com/personnel/gregory-r-broege/ The 6-Stage Probate Process: How to Navigate California Probate: https://a.co/d/82310Rw  Follow and Review: We'd love for you to follow us if you haven't yet. Click that purple '+' in the top right corner of your Apple Podcasts app. We'd love it even more if you could drop a review or 5-star rating over on Apple Podcasts. Simply select "Ratings and Reviews" and "Write a Review" then a quick line with your favorite part of the episode. It only takes a second and it helps spread the word about the podcast. Episode Credits If you like this podcast and are thinking of creating your own, consider talking to my producer, Emerald City Productions. They helped me grow and produce the podcast you are listening to right now. Find out more at https://emeraldcitypro.com Let them know we sent you.