Other Ownership Transfers
Change In Ownership
For property tax purposes, a change in ownership in real property is the transfer of a present interest in real property, including the transfer of the rights to the beneficial use thereof (Revenue and Taxation Code 60). Often a change in ownership occurs upon the purchase, sale, gift, or inheritance of real property. Generally, a change in ownership will initiate a reassessment of any property; however, certain exclusions apply in the case of :
- Family Transfers
- The transfer of property to a co-tenant as the result of the death of the other co-tenant.
- The transfer of property between individuals and a legal entity (or between legal entities) where the proportional ownership interest remains exactly the same before and after the transfer.
- Affidavit of Cotenant Residency (BOE-58-H) (PDF): Transfers of a cotenancy interest from one cotenant to another that occur due to the death of one cotenant and after January 1st lien date may be excluded from reassessment if certain conditions are met.
- Preliminary Change in Ownership Report (BOE-502-A) (PDF): Document must be completed for all real estate recorded transfers.
- Change in Ownership Death of Real Property Owner (BOE-502-D) (eForm): Form must be filed with Assessor within 150 days after a property owner's death.
- Claim for Reassessment Reversal for Local Registered Domestic Partners (BOE-62-LRDP) (PDF): Effective September 29, 2018, transfers between locally registered domestic partners which occurred between 1/1/2000 and 6/26/2015 and were reassessed for change in ownership may now be reversed. An application form BOE-62-LRDP (PDF) must be filed with the Assessor's Office by June 22, 2022. The property tax relief is prospective (future) only; no refunds of taxes paid in prior years. For more detailed information this exclusion is explained in the State Board of Equalization Letter to Assessors 2018-57. (Revenue and Taxation Code 62(q))