What is a change in ownership?

For property tax purposes, a change in ownership in real property is the transfer of a present interest in real property, including the transfer of the rights to the beneficial use thereof (Revenue and Taxation Code 60). Often a change in ownership occurs upon the purchase, sale, gift, or inheritance of real property. Generally, a change in ownership will initiate a reassessment of any property; however, certain exclusions may apply as outlined:

  • The transfer of property between husband and wife.
  • The transfer of property between registered domestic partners.
  • The transfer of property to a co-tenant as the result of the death of the other co-tenant.
  • The transfer of property between parents and children.
  • The transfer of property between grandparents and grandchildren.
  • The transfer of property between individuals and a legal entity (or between legal entities) where the proportional ownership interest remains exactly the same before and after the transfer.

Show All Answers

1. What is a change in ownership?
2. Will adding a spouse on title to my property result in a reassessment?
3. Will refinancing my property result in a reassessment?
4. Will transferring title to a legal entity result in a reassessment?
5. Does the death of a property owner result in a reassessment of the property they own?
6. What documents need to be submitted to the Assessor’s Office upon the death of a property owner?
7. Will the property be reassessed if the decedent’s property passes to the spouse or registered domestic partner?
8. Can property be reassessed if the decedent’s property passes to a co-tenant?
9. Can property be reassessed if the decedent held the property in a trust?
10. Will property be reassessed if it passes to the decedent’s children?
11. Is there a deadline for filing a Claim for Reassessment Exclusion for Transfer between Parent and Child?
12. Is property eligible for exclusion if it is received or inherited from a grandparent?