California law provides, with certain limitations, that a "change in ownership" does not include the purchase or transfer of: .The principal residence between parents and children, and/or

.The first $1,000,000 of other real property between parents and children.

IMPORTANT: In order to qualify for this exclusion, a claim form must be completed and signed by the transferee and filed with the Assessor within three years after the date of purchase or transfer, or prior to the transfer of the real property to a third party, whichever is earlier. If a claim form has not been filed by the date specified in the preceding sentence, it will be timely if filed within six months after the date of mailing of a notice of supplemental or escape assessment for this property. If a claim is not timely filed, relief may be granted beginning with the calendar year in which you file your claim. Complete all of Sections A, 8, and C and answer each question or your claim may be denied. Proof of eligibility, including a copy of the transfer document, trust, or will, may be required.

a. This exclusion only applies to transfers that occur on or after November 6, 1986.

b. In order to qualify, the real property must be transferred from parents to their children or children to their parents.

c. If you do not complete and return this form, it may result in this property being reassessed.