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Change Of Ownership Statement (Riverside) BOE-502-AH - California
| Change Of Ownership Statement (Riverside) Form. This is a California form and can be used in Assessor Assessor County Clerk Recorder Riverside 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. LARRY W. WARD, COUNTY OF RIVERSIDE ASSESSOR - COUNTY CLERK - RECORDER PO BOX 12004, RIVERSIDE, CA 92502-2204 (951) 955-6200 www.riversideacr.com 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 STREETADDRESSORPHYSICALLOCATIONOFREALPROPERTY MAIL PROPERTY TAX INFORMATION TO (NAME) ADDRESS CITY MO STATE ZIPCODE DAY YEAR ASSESSOR'SPARCELNUMBER BUYER'S DAYTIME TELEPHONE NUMBER IMPORTANT NOTICE ( ) YES YES NO NO Thispropertyisintendedasmyprincipalresidence.IfYES,pleaseindicatethedateofoccupancy orintendedoccupancy. PART 1. TRANSFER INFORMATION Please complete all statements. A. Thistransferissolelybetweenspouses(addition or removal of a spouse, death of a spouse, divorce settlement, etc.). B. ThistransferissolelybetweendomesticpartnerscurrentlyregisteredwiththeCaliforniaSecretaryofState(addition or removal of a partner, death of a partner, termination settlement, etc.). C. Thisisatransferbetween: parent(s) and child(ren) grandparent(s) and grandchild(ren). * * D. This transaction is to replace a principal residence by a person 55 years of age or older. Withinthesamecounty? YES NO * E. ThistransactionistoreplaceaprincipalresidencebyapersonwhoisseverelydisabledasdefinedbyRevenueandTaxationCode section69.5.Withinthesamecounty? 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). IfYES,pleaseexplain: : G.Therecordeddocumentcreates,terminates,orreconveysalender'sinterestintheproperty. H. Thistransactionisrecordedonlyasarequirementforfinancingpurposesortocreate,terminate,orreconveyasecurityinterest (e.g., cosigner).IfYES,pleaseexplain: I. Therecordeddocumentsubstitutesatrusteeofatrust,mortgage,orothersimilardocument. J. This is a transfer of property: 1.to/fromarevocabletrustthatmayberevokedbythetransferorandisforthebenefitof thetransferor,and/or thetransferor'sspouse registereddomesticpartner. 2. to/fromatrustthatmayberevokedbythecreator/grantor/trustorwhoisalsoajointtenant,andwhich namestheotherjointtenant(s)asbeneficiarieswhenthecreator/grantor/trustordies. 3.to/fromanirrevocabletrustforthebenefitofthe creator/grantor/trustorand/or grantor's/trustor'sspouse grantor's/trustor'sregistereddomesticpartner. 4.to/fromanirrevocabletrustfromwhichthepropertyrevertstothecreator/grantor/trustorwithin12years. K. Thispropertyissubjecttoaleasewitharemainingleasetermof35yearsormoreincludingwrittenoptions. L. This is a transfer between parties in which proportional interests of the transferor(s) and transferee(s) in each and every parcel beingtransferredremainexactlythesameafterthetransfer. M.Thisisatransfersubjecttosubsidizedlow-incomehousingrequirementswithgovernmentallyimposedrestrictions. * N. Thistransferistothefirstpurchaserofanewbuildingcontaininganactivesolarenergysystem. * If you checkedYES to statements C, D, or E, you may qualify for a property tax reassessment exclusion, which may allow you to maintainyourprevioustaxbase.IfyoucheckedYEStostatementN,youmayqualifyforapropertytaxnewconstructionexclusion.A claimformmustbefiledandallrequirementsmetinordertoobtainanyoftheseexclusions.ContacttheAssessorforclaimforms. PleaseprovideanyotherinformationthatwillhelptheAssessorunderstandthenatureofthetransfer. THIS DOCUMENT IS NOT SUBJECT TO PUBLIC INSPECTION American LegalNet, Inc. www.FormsWorkFlow.com BOE-502-AH (P2) REV. 14 (11-11) PART 2. OTHER TRANSFER INFORMATION A. Dateoftransfer,ifotherthanrecordingdate: B. Type of transfer: Purchase Foreclosure Gift Tradeorexchange Assignment of a lease Check and complete as applicable. Merger,stock,orpartnershipacquisition(FormBOE-100-B) Inheritance. Date of death: Termination of a lease. Date lease began: Remaining term in years (including written options): Contractofsale.Dateofcontract: Sale/leaseback Creationofalease Original term in years (including written options): Other.Pleaseexplain: C. Onlyapartialinterestinthepropertywastransferred. YES NO IfYES,indicatethepercentagetransferred: % 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. Totalpurchaseoracquisitionprice.Donotincludeclosingcostsormortgageinsurance. Loan carried by seller AssumptionofContractualAssessment*witharemainingbalanceof: $ *Anassessmentusedtofinanceproperty-specificimprovementsthatconstitutesalienagainsttherealproperty. Throughrealestatebroker.Brokername: Phonenumber: B. Thepropertywaspurchased: Direct from seller Other.Pleaseexplain: ( ) From a family member C. Pleaseexplainanyspecialterms,sellerconcessions,financing,andanyotherinformation(e.g.,buyerassumedtheexistingloanbalance)that wouldassisttheAssessorinthevaluationofyourproperty. PART 4. PROPERTY INFORMATION A. Type of property transferred Single-family residence Multiple-familyresidence.Numberofunits: Other.Description:(i.e.,timber
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