Yuba County officials announced Wednesday that the annual “Value Notice” for 2023/24 from the Yuba County Assessor’s website is now available for property owners in the county to look up
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A major property tax benefit that allows parents and grandparents to transfer residential and commercial properties to descendants without reassessment is set to be eliminated in February following the passage of Proposition 19.
Proposition 19, a constitutional amendment passed by California voters during the Nov. 3 election, makes changes to inheritance property tax transfers and exemptions, and allocates revenue or savings to wildfire agencies and counties.
The amendment takes away one of two exclusions from reassessment for certain transfers allowed under current law, which is something Yuba County Assessor Stephen Duckels said the public should be aware of before it goes into effect.