CA ACA11

Allows homeowners over 55 years old, severely disabled persons, or wildfire/natural disaster victims to transfer their primary residence's taxable value to a replacement home anywhere in California (effective April 1, 2021), with owners over 55 or disabled limited to 3 transfers total.

Expands property tax exemptions for family homes and farms transferred between parents and children or grandparents and grandchildren (effective February 16, 2021), allowing up to $1,000,000 in value to transfer tax-free with adjustments for inflation every two years starting February 2023.

Establishes the California Fire Response Fund receiving 75% of additional state revenues generated by this measure, with 20% directed to the Department of Forestry and Fire Protection and 80% to fire suppression staffing in underfunded special districts.

Creates the County Revenue Protection Fund receiving 15% of additional state revenues to reimburse eligible local agencies (counties, cities, special districts, school districts) that experience net revenue losses from the measure's implementation.

Limits annual transfers to the California Fire Response Fund if they exceed the prior year transfer by more than 10%, with excess amounts remaining available in the General Fund for any purpose.