A number of transactions are legally excluded from the meaning of the term “change of ownership”, but we can’t apply those exclusions without first verifying that all requirements have been met and the proper application (if required) has been filed. For example, if you simply added your spouse on title, but you have different last names, we will need a copy of your marriage certificate. If you had to add or remove someone from title so you could refinance or get a new loan on the property, we will need a Security Interest Affidavid signed by all affected parties. We may also request additional documentation to confirm who had financial and/or equitable interest in the property. If you transfer title into your trust, partnership, corporation or LLC, we may need copies of the relevant documents showing no one else has an ownership interest. Call your local district office or the Property Transfers Department immediately if you believe your property should not have been reappraised.
When a change in ownership occurs, the Assessor receives a copy of the recorded deed or other official document and determines if an appraisal is required under State law. If it is required, an appraisal is made to determine what the new assessed value of property will be. The property owner is then notified of the new assessment and has the right to appeal the value.
Preliminary Change of Ownership
State law requires the buyer of real property to file a Preliminary Change of Ownership Report with the County Recorder’s Office at the time a document is recorded which transfers ownership of the property. If this form is not filed, the recorder will charge an additional fee of $20. Information furnished on this form by the property owner assists the Assessor in determining the proper value. It is not a public document.
Change in Ownership Statement
The Assessor will use this form when the Preliminary Change of Ownership Report is either not filed or is filed incomplete. State law provides for a penalty to be levied if the Change in Ownership Statement is not returned to the Assessor within a timely filing period. The penalty for failure to file a Change in Ownership Statement is $100 or 10% of the new tax bill, whichever is greater, but not to exceed $20,000.
For further information contact the Exclusions Department at (909) 387-8307, Opt. 6 or toll free at (877) 885-7654.
No. All transfers between husband and wife are excluded from reappraisal.
No. This is not a change of ownership requiring a reappraisal under the present law; however, you may need to apply for the proposition 58 exclusion. The creation of a Joint Tenancy is not generally considered a Change in Owernship.
In general, the transfer of any interest in real property to a corporation, partnership, limited liability company, or other legal entity is a change of ownership of the interest transferred and will be reassessed. Exception: Transfers between individuals and legal entities or between legal entities which result solely in a change in the method of holding title and in which the proportional ownership interest remain the same after the transfer are not subject to reappraisal. If this applies, the property owner will be required to provide documentation such as articles of incorporation, articles of organization, or partnership agreements to show that no proportional interest change took place.
The Assessor’s Office does not send out tax bills. The bill will come from the Tax Collector for one of two reasons. Either we failed to update our records after a deed transferring real property was recorded, or the property was transferred by means other than a recorded deed and no notification was sent to the Assessor’s office. Personal property (including boats, aircraft, manufactured homes, and business property) is typically not transferred by a deed, so it is imperative that you notify the Assessor as soon as possible after selling it. The same is true for real property transactions in which a deed is not recorded until the buyer has paid the seller in full and/or satisfied any other conditions of the sale.
The Assessor’s Office must be notified upon the death of an owner within 150 days of the date of death, or if the estate is probated at the time the inventory and appraisal is filed. You may notify the Assessor of death by completing a Change in Ownership Statement – Death of Real Property Owner. This form is required even if the decedent held property in a trust.
This form does not remove or change the current title and is used for assessment purposes only.