What is a 3 year parent - child exclusion for tax purposes?

I am the Trustee of my mothers estate. My brother and my self are the beneficiaries. He is asking for a property to be put into his name for the 3 year parent-child exclusion for property tax purpose. I would like the same consideration. What is this exactly?What is a 3 year parent - child exclusion for tax purposes?
Is this in California? Under Prop 13, transfers between parent and child do not trigger an adjustment in the assessed value for property tax purposes. If there's a time limit in completing that transfer from the estate to the beneficiary to preserve that benefit (and I don't know if there is or not) that might be what he is referring to.What is a 3 year parent - child exclusion for tax purposes?
do NOT sign over any property over to him - especially if you are entitled to half - you might lose your interest in it forever





I don't think what he is talking about exists anywhere





the estate is going to have to keep paying property taxes, so I would say get the estate resolved - one of you buy out the other's interest or sell the property and split the money - whatever is allowed
three yr exclusion on property tax?


you probably need to contact your county assessor's office


I have never heard of this exclusion, I cannot imagine any county allowing any kind of exclusion other than non profit orgs.