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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 collects essential information about the property transfer, including details about the buyer and seller, type of transfer, purchase price, and any applicable exemptions from reassessment under California law. The form must be filed with the County Recorder's office to ensure proper assessment and taxation.

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What is the purpose of the preliminary change of ownership report?

The purpose of the Preliminary Change in Ownership Report, or PCOR, is to alert the county Assessor that a piece of real estate has a new owner.

Where do I file a quitclaim deed in Riverside County?

To submit the completed Quitclaim Deed, ensure all fields are accurately filled and the deed is notarized. Mail the original document to the Riverside County Recorders Office at 2724 Gateway Drive, Riverside, CA 92507. You may also submit in person at the same address.

What is a transfer of ownership letter for real estate?

A property transfer form is a document used to transfer ownership of real estate from one person to another. It is used to record details such as the buyer and sellers names, the address of the property, the purchase price, and any additional information that is required by the state or local government.

When must a PCOR be filed in California?

Filing the PCOR is typically required whenever property ownership changes, and it must be submitted to the county recorders office at the time the deed is recorded.

What does PCOR do?

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.

riverside pcor

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What is a preliminary change of ownership report in California?

Its main function is to determine the taxation of real property (including mobilehomes) so that the proper tax is attached by the Tax Assessors office and thereby collected by the Tax Collectors office.

What is the purpose of the preliminary title report?

The purpose of the Preliminary Change in Ownership Report, or PCOR, is to alert the county Assessor that a piece of real estate has a new owner. This form must be turned in to the Recorders office along with the deed or affidavit that changes ownership; the Recorder sends it to the Assessor.

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