Will transferring title to a legal entity result in a reassessment?

In general, the transfer of any interest in real property to a corporation, partnership, limited liability company, or other legal entity is a change in ownership of the interest transferred and will be reassessed. 

Exceptions: Transfers between individuals and legal entities or between legal entities which result solely in the method of holding title and in which the proportional ownership interest remained the same before and after the transfer are not subject to reassessment. If this applies, the property owner will be required to provide documentation to the Assessor’s Office such as but not limited to, corporation papers listing all stockholders and/or all stock certificates issued with voting rights, articles of organization; or partnership agreements listing all members and their percentages of interest; or the operating agreement listing all members and their percentages of interest in the limited liability company.

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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?