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NOVO TRCT Comments on Change in Ownership Statement and Preliminary Change of Ownership Report Revisions Form

NOVO TRCT Comments on Change in Ownership Statement and Preliminary Change of Ownership Report Revisions Form

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at what point do owners get penalized for not completing the peak or or preliminary change in ownership report how much time are they given to complete one and does the assessor send them a notice before the penalty under California law a preliminary change in ownership report or P court is prepared in connection with a transfer document should accompany that document at the time of its recording or should be submitted directly to the assessor's office within 90 days of the recreation of the transfer document if a preliminary change in ownership report is not submitted to the assessor's office within 90 days of the transfer the assessor's office will mail to the owner a request for a change in ownership statement or cos which must be completed and returned to the assessor's office within 90 days of the request date if such statement is not completed and returned within the specified period a penalty will be applied on a future property tax bill

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