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Avoiding property tax re-assessment in CA

Short version is that I’m buying my grandmas house but my dad is not deceased. We’d like to avoid property tax being re-assessed ($5k annual difference) if at all possible.

We’re trying to figure out if this would work: I buy the home on my own and have both my dad and me on the deed. Then, after a period of time, my dad removes himself from the deed leaving it to me.

Would that satisfy the parent to child lineage that avoids re-assessment? Dad wouldn’t be a co-borrower or pay anything but he would in fact live with us regardless. Would there a be a required period of time where he would need to be on deed? Would it work at all?

Talking to an attorney at some point but this will he’ll get my loan rolling if I can figure this out.

submitted by /u/nezzle1
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source https://www.reddit.com/r/RealEstate/comments/jk214g/avoiding_property_tax_reassessment_in_ca/
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