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Change In Ownership Statement BOE-502-AH - California
| Change In Ownership Statement Form. This is a California form and can be used in County Assessor Local County . |
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BOE-502-AH (P1) REV. 14 (11-11) CHANGE IN OWNERSHIP STATEMENT This statement represents a written request from the Assessor. Failure to file will result in the assessment of a penalty. NAME AND MAILING ADDRESS OF BUYER/TRANSFEREE (Make necessary corrections to the printed name and mailing address) COUNTY OF _____________________________________ _________________________________________________ _________________________________________________ _________________________________________________ _________________________________________________ _________________________________________________ Assessor's Parcel Number Property Address Legal Description FILE THIS STATEMENT BY: The law requires any transferee acquiring an interest in real property or manufactured home subject to local property taxation, and that is assessed by the county assessor, to file a Change in Ownership Statement with the County Recorder or Assessor. The Change in Ownership Statement must be filed at the time of recording or, if the transfer is not recorded, within 90 days of the date of the change in ownership, except that where the change in ownership has occurred by reason of death the statement shall be filed within 150 days after the date of death or, if the estate is probated, shall be filed at the time the inventory and appraisal is filed. The failure to file a Change in Ownership Statement within 90 days from the date of a written request by the Assessor results in a penalty of either: (1) one hundred dollars ($100); or (2) 10 percent of the taxes applicable to the new base year value reflecting the change in ownership of the real property or manufactured home, whichever is greater, but not to exceed five thousand dollars ($5,000) if the property is eligible for the homeowners' exemption or twenty thousand dollars ($20,000) if the property is not eligible for the homeowners' exemption if that failure to file was not willful. This penalty will be added to the assessment roll and shall be collected like any other delinquent property taxes, and be subject to the same penalties for nonpayment. SELLER/TRANSFEROR BUYER/TRANSFEREE STREET ADDRESS OR PHYSICAL LOCATION OF REAL PROPERTY MAIL PROPERTY TAX INFORMATION TO (NAME) ADDRESS CITY MO STATE ZIP CODE DAY YEAR ASSESSOR'S PARCEL NUMBER BUYER'S DAYTIME TELEPHONE NUMBER IMPORTANT NOTICE ( ) YES YES NO NO This property is intended as my principal residence. If YES, please indicate the date of occupancy or intended occupancy. PART 1. TRANSFER INFORMATION Please complete all statements. A. This transfer is solely between spouses (addition or removal of a spouse, death of a spouse, divorce settlement, etc.). B. This transfer is solely between domestic partners currently registered with the California Secretary of State (addition or removal of a partner, death of a partner, termination settlement, etc.). parent(s) and child(ren) grandparent(s) and grandchild(ren). * C. This is a transfer between: * D. This transaction is to replace a principal residence by a person 55 years of age or older. Within the same county? YES NO * E. This transaction is to replace a principal residence by a person who is severely disabled as defined by Revenue and Taxation Code section 69.5. Within the same county? YES NO F. This transaction is only a correction of the name(s) of the person(s) holding title to the property (e.g., a name change upon marriage). If YES, please explain: G. The recorded document creates, terminates, or reconveys a lender's interest in the property. H. This transaction is recorded only as a requirement for financing purposes or to create, terminate, or reconvey a security interest (e.g., cosigner). If YES, please explain: I. The recorded document substitutes a trustee of a trust, mortgage, or other similar document. J. This is a transfer of property: 1. to/from a revocable trust that may be revoked by the transferor and is for the benefit of the transferor, and/or the transferor's spouse registered domestic partner. 2. to/from a trust that may be revoked by the creator/grantor/trustor who is also a joint tenant, and which names the other joint tenant(s) as beneficiaries when the creator/grantor/trustor dies. 3. to/from an irrevocable trust for the benefit of the creator/grantor/trustor and/or grantor's/trustor's spouse grantor's/trustor's registered domestic partner. 4. to/from an irrevocable trust from which the property reverts to the creator/grantor/trustor within 12 years. K. This property is subject to a lease with a remaining lease term of 35 years or more including written options. L. This is a transfer between parties in which proportional interests of the transferor(s) and transferee(s) in each and every parcel being transferred remain exactly the same after the transfer. M. This is a transfer subject to subsidized low-income housing requirements with governmentally imposed restrictions. * N. This transfer is to the first purchaser of a new building containing an active solar energy system. * If you checked YES to statements C, D, or E, you may qualify for a property tax reassessment exclusion, which may allow you to maintain your previous tax base. If you checked YES to statement N, you may qualify for a property tax new construction exclusion. A claim form must be filed and all requirements met in order to obtain any of these exclusions. Contact the Assessor for claim forms. Please provide any other information that will help the Assessor understand the nature of the transfer. THIS DOCUMENT IS NOT SUBJECT TO PUBLIC INSPECTION American LegalNet, Inc. www.FormsWorkFlow.com BOE-502-AH (P2) REV. 14 (11-11) ASSR-73 (REV. 11-11) PART 2. OTHER TRANSFER INFORMATION A. Date of transfer, if other than recording date: B. Type of transfer: Purchase Foreclosure Gift Trade or exchange Check and complete as applicable. Merger, stock, or partnership acquisition (Form BOE-100-B) Inheritance. Date of death: Contract of sale. Date of contract: Sale/leaseback Creation of a lease Assignment of a lease Termination of a lease. Date lease began: Remaining term in years (including written options): Original term in years (including written options): Other. Please explain: C. Only a partial interest in the property was transferred. YES NO If YES, indicate the percentage transferred: % PART 3. PURCHASE PRICE AND TERMS OF SALE Down payment: $ Interest rate: % Check and complete as applicable. $ Seller-paid points or closing costs: $ Balloon payment: $ A. Total purchase or acquis
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