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BOE502A (P1) REV. 17 (0522)PRELIMINARY CHANGE OF OWNERSHIP REPORT To be completed by the transferee (buyer) prior to a transfer of subject property, in accordance with section 480.3 of the Revenue

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How to fill out preliminary change of ownership

01

Obtain the preliminary change of ownership form from the appropriate government agency.

02

Fill in the requested information accurately, including the details of the current owner and the new owner.

03

Provide any additional documentation required to support the change of ownership, such as a legal contract or deed.

04

Submit the completed form and accompanying documents to the government agency for processing.

05

Follow up with the agency to ensure that the change of ownership has been successfully processed.

Who needs preliminary change of ownership?

01

The preliminary change of ownership is typically needed by individuals or entities who are in the process of transferring ownership of a property or asset to another party. This could include homeowners, real estate investors, business owners, or anyone else involved in a change of ownership transaction.

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What is preliminary change of ownership?

Preliminary change of ownership refers to the initial transfer of property ownership that triggers the need to reassess the property for property tax purposes.

Who is required to file preliminary change of ownership?

The new property owner or transferee is required to file the preliminary change of ownership form with the county assessor's office.

How to fill out preliminary change of ownership?

The preliminary change of ownership form can typically be filled out online or in person with the county assessor's office. It requires information about the property, the old owner, and the new owner.

What is the purpose of preliminary change of ownership?

The purpose of the preliminary change of ownership is to ensure that property is accurately assessed for property tax purposes after a change in ownership.

What information must be reported on preliminary change of ownership?

Information such as the property address, purchase price, buyer and seller information, and date of transfer must be reported on the preliminary change of ownership form.

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