My spouse and I are getting a divorce, the divorce settlement agreement states we are to keep the house until our children graduate from college after our divorce. Will this trigger a reassessment?

No. Your ex-spouse or you, may buyout each other or sell the property in the open market  as long as it is stated in the divorce settlement. Regardless of how title is held, the transfers between spouses pursuant to a property settlement agreement do not trigger a reassessment.

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1. My spouse and I are on title to our house, if I give my interest to my spouse, will this trigger a reassessment?
2. My spouse and I are getting a divorce; we are severing our ownership vesting to tenants in common. Will this trigger a reassessment?
3. My spouse and I are getting a divorce, the divorce settlement agreement states we are to keep the house until our children graduate from college after our divorce. Will this trigger a reassessment?
4. My ex-spouse and I are on title as tenants in common. If we have a mutual agreement can we transfer property to the other without a reassessment?
5. Is it always beneficial to claim this exclusion?