Other Ownership Transfers

  1. Description
  2. Frequently Asked Questions
  3. Forms & resources

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 between registered domestic partners.
  • 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.