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This is a Fill in Form. Fill in and Print. Print Form Clear Form BOE-502-A (P1) REV. 11 (07-10) PRELIMINARY CHANGE OF OWNERSHIP REPORT To be completed by the transferee (buyer) prior to a transfer.

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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.

Because the documentary transfer tax is based on a simple formula of $0.55 per $500.00 or fraction thereof, it is easy to calculate the purchase price of a property if one knows the amount of transfer taxes collected.

The Preliminary Change of Ownership Report is a document that is created and filed with municipal authorities at the time of sale. It contains key information about the buyers (name, phone number, etc), the property (address, occupancy, condition of the property, etc), and additional information as needed.

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).

If it is a gift, the donor should ask their tax advisor whether they must file a gift tax return this year. A new owner fills out, dates, and signs the PCOR. It does NOT need to be notarized. Describe the property being transferred, and any included personal property or manufactured homes.

Known as a Preliminary Change of Ownership Report (PCOR), this form is usually signed by the owner during escrow and then filed with Recorder Division by the title company when the deed is recorded. The Recorder Division then forwards the PCOR to the Assessor with copies of the deeds.

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.

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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
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
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 workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
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