Please visit the Proposition 19 resource page for more information. Changes in ownership that require a claim to be filed to avoid reassessment include the following:ĪLERT: In November 2020, California voters passed Proposition 19, which makes changes to property tax benefits for families (effective February 16, 2021). For the following types of transfers, the property will not be reappraised. While a transfer of property may constitute a change in ownership, a number of exclusions exist so that certain types of transfers are excluded, by law, from the definition of change in ownership. If the change in ownership was the result of a death, the law requires that the Death of Real Property Owner form be filed with the Assessor within 150 days from the date of death. Failure to notify the Assessor may result in the assessment of failure-to-file penalties. Or if un-recorded, a Change in Ownership Statement within the prescribed time limits from the date of transfer. Owners of any property that has had changed in ownership (except by death of an owner) must file a Preliminary Change in Ownership Report (PCOR) when the transfer is recorded. ![]() The statute of limitations provides that the Assessor must reassess as many as eight (8) prior assessment years due to failure to file the Change in Ownership statement. California law provides that the assessor must assess as many as eight years prior if there is a failure to file the change in ownership statement. Property Owners must notify the Assessor of any changes in ownership as soon as possible to avoid potential interest charges or other penalties. ![]() Notify the Office of the Assessor-Recorder of any Changes in Ownership Our office may also discover changes in ownership through other means, such as taxpayer self-reporting, review of building permits, field inspections or newspapers. Our office reviews all recorded deeds to determine which properties require reappraisal under the law. Certain exclusions from reassessment may apply, therefore avoiding an increase in your property taxes. ![]() All properties are required to be reassessed as of the date of Change in Ownership.
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