> Under Prop. 19, the parents’ tax basis does not pass to the child. However, if the home is the inheritor's primary residence for at least one year after the property transfer, they can apply to have up to $1 million of the home's value not reassessed. If the home is worth more than $1 million, anything over that amount would be reassessed. Even with this exemption, inheritors are likely to see a substantial increase in annual property taxes, amounting to thousands or even tens of thousands of dollars, Button said.

Kids inheriting property need to pay property taxes, just like their new neighbors. Move on please, nothing to see here.