Will changing deed from Tenants in Common to Joint Tenancy trigger a tax reassessment in California?

[HANS0L0]

A California home is owned by siblings as equal share 'Tenants in Common'.

The siblings wish to change the Deed to 'Joint tenancy with the right of survival-ship' to avoid probate in the event of the death of one of them.

No new owners are being added and it is only the type of ownership being changed.

Will this trigger a tax reassessment or have any other tax implications?

 

[justalayman]

I don’t believe it would trigger a reassessment.

Here is a page from the state of California


https://www.boe.ca.gov/proptaxes/faqs/changeinownership.htm#3

 

[HANS0L0]

I don’t believe it would trigger a reassessment.

Here is a page from the state of California


https://www.boe.ca.gov/proptaxes/faqs/changeinownership.htm#3

Ah ty.

I see this there:
"Changes in ownership that are automatically excluded from reassessment include the following:

• Transfers of real property between coowners that result in a change in the method of holding title to the property without changing the proportional interests of the coowners, such as a partition of a tenancy in common"

Looks like that covers.