Riverside county preliminary change of ownership 2026

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The document is a Preliminary Change of Ownership Report (BOE-502-A) required by the County of Riverside, California, to be completed by the buyer before transferring property ownership. It outlines necessary information regarding the transfer, including details about the buyer and seller, property type, purchase price, and potential exclusions from reassessment for certain transfers. The form must be filed with the County Recorder's office to avoid additional fees and ensure accurate property tax assessments.

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Click ‘Get Form’ to open it in the editor.
Begin by entering the Assessor’s Parcel Number, seller's name, and buyer's contact information including daytime telephone number and email address.
Indicate whether the property is intended as your principal residence and provide the date of occupancy if applicable.
In Part 1, check any applicable boxes regarding transfer information. This includes relationships such as transfers between spouses or parent-child transfers.
Complete Part 2 by specifying the type of transfer (e.g., purchase, gift) and providing relevant dates.
Fill out Part 3 with details on purchase price and terms of sale, ensuring accuracy for tax assessment purposes.
In Part 4, describe the property type and condition at the time of sale. Include any personal property included in the transaction.
Finally, certify that all information is true by signing and dating the form before submission.

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How long does it take to record a deed in Riverside County?

Please allow 6-8 weeks to receive your original recorded document back in the mail. Documents are not processed on weekends or on official Riverside County holidays.

How do I transfer ownership of a property in California?

A property title transfer in California looks like this: The signing of the purchase agreement. A title search is carried out. Escrow is opened. The buyer obtains title insurance. The deed is prepared (most commonly a grant deed). The grantor signs the deed in the presence of a notary public.

When must a PCOR be filed in California?

Owners of a property that has experienced a change in ownership (except by death of an owner) must file a Preliminary Change in Ownership Report (PCOR) when the transfer is recorded.

What triggers a property tax reassessment in California?

Transfers that will trigger a reassessment: Change in Ownership: Purchases and non-primary residence transfers among friends or family.

What are the rules for Proposition 13 inheritance?

Prop. 19 also raises taxes on certain inherited and gifted family properties by closing a Prop. 13. That loophole allowed children and grandchildren who inherited property to also inherit the old property tax base, even if the current market value had increased docHubly.

riverside pcor

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How long does it take to change ownership of property?

0:49 2:12 But how long does this relay. Take well it varies depending on legal requirements. And localMoreBut how long does this relay. Take well it varies depending on legal requirements. And local practices.

What documents require a PCOR in California?

Documents That Require a PCOR Grant Deeds or Quitclaims Deeds involving a sale or transfer of property (includes partial transfers and life estates) Mineral Deeds. Oil and Gas Leases, Amendments, Extensions and Assignments of Oil and Gas Leases, regardless of the term of the lease.