Is it always beneficial to claim this exclusion?

No. If you received a Proposition 8, declined in market relief during the transferred date, or the fair market value of the property is lower than your Proposition 13 factored base year value, it will be better for you to accept a new Proposition 13 base year value for the transfer. This will result in a lowered factored base year value in the long run.

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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?