1. Did you personally purchase your principal residence which has Prop 13 protection, or did your or your spouse’s parent deed it to you in life or leave it to you in death?
I’m buying my own property, and have bought in the last year, and again this year.
2. Are you planning on deeding/leaving your principal residence to your child(ren), thus availing yourself of Prop 58 (the later “progeny of Prop 13” allowing your Prop 13 benefits to be passed onto your child(ren)?
I may, don’t have children yet.
3. If you are planning on leaving it to your children, would your plans be different if Prop 13 (and Prop 58) were not in place (i.e. you would instead sell and retire/move to the river, Lake Tahoe, Guatemala, out of county/state to be near grandchildren, etc)?
Most likely yes, I definitely wouldn’t stay in California that much is for sure. San Diego is a nice place to live, but it’s in no way a dream land that would keep me from moving if taxes keep going up.
