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BOE-502-A (P1) REV. 11 (07-10) PRELIMINARY CHANGE OF OWNERSHIP REPORT To be completed by the transferee (buyer) prior to a transfer of subject property, in accordance with section 480.3 of the Revenue.

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How to fill out the Preliminary Change Of Ownership Report - County Of San Luis Obispo online

Filling out the Preliminary Change Of Ownership Report is an essential step in transferring property ownership in San Luis Obispo County. This guide provides a clear, step-by-step approach to completing the form online, ensuring that you address all necessary sections accurately.

Follow the steps to complete the Preliminary Change Of Ownership Report online.

  1. Press the ‘Get Form’ button to access the Preliminary Change Of Ownership Report and open it in your online document editor.
  2. Begin by entering the seller or transferor's information. Include their name and the assessor's parcel number associated with the property being transferred.
  3. Next, provide the buyer or transferee's details, including their daytime telephone number, the street address or physical location of the real property, and the mailing address for property tax information, if different.
  4. Indicate whether the property is intended as the buyer’s principal residence and if so, provide the date of occupancy.
  5. In Part 1, answer the questions regarding the transfer information. Check 'Yes' or 'No' for each statement to help define the nature of the transfer. Be sure to provide explanations as needed.
  6. Proceed to Part 2 and fill out the other transfer information. This includes the date of transfer, type of transfer, and any further relevant transfer details.
  7. Continue to Part 3, where you will provide the purchase price and terms of sale. This section requires specific financial details such as total purchase price, down payment, interest rate, and any special financing terms.
  8. In Part 4, describe the property information, including the type of property transferred and its condition at the time of sale. Ensure that all information is accurate.
  9. Finally, complete the certification section by signing and dating the document. Provide your printed name and any relevant title. Ensure that all information is true to your knowledge.
  10. Once all sections are completed, you can save your changes, download the form, print it for your records, or share it as needed.

Complete your Preliminary Change Of Ownership Report online today!

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The law requires the owners of any property that has changed ownership (except those caused by the death of an owner) to file a change in ownership statement (PCOR) when the transfer is recorded, or, if not recorded, within 45 days of the date of transfer.

The PCOR is to be signed and certified by the transferee. The county assessor may also request other information about a deed, or other matters related to the transfer, after reviewing the PCOR.

What Is A PCOR? A PCOR is specific to California real estate transactions. It is issued by the State Board of Equalization per Section 480.3 of California's Revenue and Taxation Code. It is a form used to notify the county assessor's office of real property transactions (buys and sells).

The Documentary Transfer Tax (DTT) imposes a tax on each deed, instrument, or writing by which any lands, tenements, or any other realty sold, shall be granted, transferred, or otherwise conveyed to another person. The State Revenue and Taxation Code 11902 - 11934 governs this tax.

What is the sales tax rate in San Luis Obispo County? The minimum combined 2023 sales tax rate for San Luis Obispo County, California is 7.25%. This is the total of state and county sales tax rates.

In California, the seller traditionally pays the transfer tax. Depending on local market conditions, transfer taxes can become a negotiating point during closing. For instance, in a strong seller's market, the seller may have multiple offers and will likely find a buyer who agrees to pay the transfer tax.

Documentary Transfer Tax - Tax at the rate of . 55 cents per $500 of value being transferred, unless exempt.

Effective March 1, 2023, Measure GS establishes a $56.00 transfer tax per $1,000 of value for property transfers of $8 million or more (an effective tax rate of 5.6%). - A 5.71% rate if the value is $8 million or greater.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
Privacy Notice
Legal Hub
Content Takedown Policy
Bug Bounty Program
About Us
Blog
Affiliates
Contact Us
Delete My Account
Site Map
Industries
Forms in Spanish
Localized Forms
State-specific Forms
Forms Kit
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate WorkFlow
DocHub
Instapage
Social Media
Call us now toll free:
+1 833 426 79 33
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232