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California Dmv, Real Estate, and Property

What is a preliminary change of ownership report (PCOR) in California?

Short answer

A form filed with the county assessor when real property is transferred. It tells the assessor who now owns the property and whether a property tax reassessment may be triggered. Certain transfers — from parent to child, between spouses — may be…

What this usually means

A form filed with the county assessor when real property is transferred. It tells the assessor who now owns the property and whether a property tax reassessment may be triggered. Certain transfers — from parent to child, between spouses — may be exempt from reassessment under Proposition 19. File the PCOR at the time of the transfer.

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