.The principal residence from grandparents to grandchildren, and/or

.The remainder of 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, B, 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.

Please note: This exclusion only applies to transfers that occur on or after March 27, 1996. In order to qualify, all the parents of that grandchild must be deceased as of the date of purchase or transfer. As used in the preceding sentence, parents are ,those persons who qualify under section 63.1 as children of the grandparents. The real property must be transferred from grandparents to their grandchildren. Failure to complete and return this form may result in this property being reassessed.