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Preliminary-Change-of-Ownership-San-Bernardino

Preliminary-Change-of-Ownership-San-Bernardino 2025

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The document is a Preliminary Change of Ownership Report (BOE-502-A) required by the Assessor's Office of San Bernardino County, California. It must be completed by the buyer before transferring property ownership, in compliance with section 480.3 of the Revenue and Taxation Code. The report collects essential information about the buyer, seller, property details, transfer type, purchase price, and any potential exclusions from reassessment for tax purposes. It emphasizes the importance of accurate reporting to determine property taxes and includes instructions for filing.

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What is the purpose of a PCOR?

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.

Who signs the PCOR in California?

Explain the Terms of Sale: Indicate whether the sale was financed and, if so, the type of financing used (e.g., conventional loan, seller financing). Also, disclose any personal property included in the sale. Sign and Date the Form: Both the transferor and transferee must sign and date the PCOR.

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.

What does PCOR stand for in real estate?

PCOR stands for Preliminary Change of Ownership Report. It is found in the opening document forms (following grant deed or quitclaim deed) that are part of the opening escrow process.

How do I change my name on my deed in San Bernardino county?

To change the name(s) on real property, the present owner(s) may execute a new deed conveying the property from the name(s) as they presently appear, to the name(s) that will be used to hold title. Full names of all parties must be used.

What does PCOR do?

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 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.

Preliminary-Change-of-Ownership-San-Bernardino 2025

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