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Preliminary Change of Ownership Report - Merced County 2025

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The document is a Preliminary Change of Ownership Report (BOE-502-A) required by the Merced County Assessor's office in California. It must be completed by the buyer before transferring property ownership, detailing information about the buyer, seller, property location, and transfer type. The report includes sections for transfer information, purchase price and terms of sale, and property details. It also outlines potential exclusions from reassessment for certain types of transfers and emphasizes the importance of accurate reporting to determine property tax assessments.

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Who signs the grant deed in California?

The Grant Deed (also purchasable at most office supply or stationery stores) is completed and signed by the grantor, whose signature must be notarized. If you determine there is no documentary transfer tax required, an exemption statement must appear on the document.

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.

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.

Who signs a quit claim deed in California?

If you think a quitclaim deed may be appropriate for you, consult an estate planning attorney. They can draft a quitclaim deed for you transferring ownership of the real property from the grantor (or property owner) to the grantee (person receiving the interest). You should sign the deed in front of a notary public.

Who prepares a quitclaim deed in California?

Preparation: The grantor (current owner) must prepare the quitclaim deed document, which includes the names of the grantor and grantee, the legal description of the property, and the words of conveyance.

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.

Preliminary Change of Ownership Report - Merced County 2025

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