Exclusions
There is an exclusion for new construction from the supplemental assessment. The property must be held for sale and the builder must request the exclusion from the Assessor prior to or within 30 days from the start of construction. If the form is not filed, a supplemental assessment is made to the builder upon completion of the construction. If the form is filed, a supplemental assessment is not made until the property is sold or rented. For more information, call the Residential Department of the Assessor's Office at (209) 525-6461.
If you are permanently disabled, under certain conditions you may sell your original home and buy or build a replacement of equal or lesser value without reappraisal. This includes changes to an existing home for the purpose of making it more accessible to a severely and permanently disabled resident. For further information, call the Standards Division of the Assessor's Office at (209) 525-6461.
The transfer of the principal place of residence between parents and children (and the transfer of up to $1 million of any other real property between parents and children) is also excluded from reappraisal if an application is timely filed. Transfers between grandparents and grandchildren may also be excluded from reappraisal when both parents of the grandchild are deceased. Applications are available by writing or calling the Assessor's Office at (209) 525-6461.
The transfer of the principal place of residence between parents and children (and the transfer of up to $1 million of any other real property between parents and children) is also excluded from reappraisal if an application is timely filed. Transfers between grandparents and grandchildren may also be excluded from reappraisal when both parents of the grandchild are deceased. Applications are available by writing or calling the Assessor's Office at (209) 525-6461.
The transfer of property between spouses or registered domestic partners does not require a reappraisal for property tax purposes. This includes transfers resulting from divorce or death.
Under certain circumstances owners may avoid property tax increases when they sell their existing home and buy or build a replacement home. You or your spouse must be 55 years of age or older, and the property must be the principal place of residence. In addition, there are limits on the value of the replacement home. If you buy it before you sell, it has to be the same or less value than the house you sold. If on the other hand, you buy after you sell, a house bought in the first year may have up to 105% of the value of the house you sold, or 110% if bought in the second year.
There is no partial exclusion allowed if these values are exceeded. The replacement residence must be purchased within two years from the sale of the original property.
Finally, both the original and replacement properties must be eligible for a Homeowners' Exemption and be located within Stanislaus County.
If a government agency acquires your property, you have the right to retain the existing value and transfer it to a replacement property. The replacement property acquired, and an application form must be filed with the Assessor within four (4 years) from the date of acquisition.
For more information, contact the Standards Division of the Assessor's Office at (209) 525-6461.
