Laws, Regulations & Annotations
Property Taxes Law Guide – Revision 2017
Property Tax Annotations
625.0000 PARENT-CHILD TRANSFER
625.0161 Principal Residence. Revenue and Taxation Code section 63.1(b)(1) defines a "principal residence" as including "only that portion of the land underlying the principal residence that consists of an area of reasonable size that is used as a site for the residence." The limitation on the portion of underlying land, " an area of reasonable size that is used as a site for the residence," is a question of fact in each instance to be determined by the assessor. Any portion of the land that does not qualify for exclusion as part of the principal residence may be excluded as "other real property of an eligible transferor" under section 63.1(a)(1). C 9/21/2001.