Wow, that's crazy. I knew there was an exclusion of reassessment for initial transfer between parents and children (or grandparents and grandchildren in the event of deceased parents) but I didn't realize it just continued in perpetuity down the generational line. My original understanding was that the home could be transferred without triggering the reset in this manner once, and then subsequent times caused a reset.

Bad into worse just about sums it up. If it wasn't for Prop 58 and 193 you'd expect that eventually, decades from now once the majority were reset, that Prop 13 would have a chance of being struck down, but this just ensures that future generations have every incentive to keep homes in the family.

Thanks for sharing the link.