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PRELIMINARY CHANGE OF OWNERSHIP REPORT To be completed by Transferee (buyer) prior to transfer of subject property in accordance with Section 480.3 of the Revenue and Taxation code. A Preliminary

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How to fill out preliminary change of ownership

How to Fill Out Preliminary Change of Ownership:

01

Obtain the necessary form: Visit your local government office or search online for the preliminary change of ownership form. This form is typically provided by the county assessor's office or the equivalent authority in your jurisdiction.

02

Gather the required information: Before filling out the form, gather all the necessary information. This typically includes the property's address, legal description, the transfer date, and the names and contact details of the current and new owners.

03

Complete the form accurately: Carefully fill out the form with the required information. Double-check for any errors or missing information before submitting it. It is essential to provide accurate details to avoid complications during the transfer process.

04

Sign the form: Both the current owner and the new owner must sign the preliminary change of ownership form. Make sure to use a legally accepted signature, such as your full name, to validate the document.

05

File the form: After completing the form, submit it to the appropriate authority. This is usually the county assessor's office. Ensure that you follow any specific filing instructions or provide any supporting documents that may be required, such as proof of sale or transfer.

06

Pay any applicable fees: Check if there are any fees associated with filing the preliminary change of ownership form. Some jurisdictions may require a fee for processing the document, so be prepared to make payment if necessary.

07

Keep a copy for your records: Once the form is filed, make sure to retain a copy for your own records. This will serve as proof of the transfer and may be useful for future reference or legal purposes.

Who needs preliminary change of ownership?

A preliminary change of ownership is typically required when transferring ownership of a property. It is necessary for individuals or entities involved in the purchase or sale of real estate. This includes homeowners, real estate agents, and legal representatives acting on behalf of the buyer or seller. Additionally, some jurisdictions may require a preliminary change of ownership for other types of property transfers, such as inheritances or gifts. It is advisable to consult with the local government office or a legal professional to determine if a preliminary change of ownership is needed in your specific situation.

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What is preliminary change of ownership?

Preliminary change of ownership is a form that needs to be filed when there is a change in ownership of real property.

Who is required to file preliminary change of ownership?

The new property owner or the transferee is required to file the preliminary change of ownership form.

How to fill out preliminary change of ownership?

The preliminary change of ownership form can be filled out online or submitted in person at the assessor's office.

What is the purpose of preliminary change of ownership?

The purpose of the preliminary change of ownership form is to update property records and determine the correct property tax assessment.

What information must be reported on preliminary change of ownership?

The preliminary change of ownership form must report information about the new property owner, purchase price, and property description.

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