California Revenue and Taxation Code ARTICLE 2.5 - Change in Ownership Reporting

• Section 480.
  (a) Whenever there occurs any change in ownership of real property, a manufactured home, or a floating home that is subject to local property taxation and...
• Section 480.1.
  (a) Whenever there is a change in control of any corporation, partnership, limited liability company, or other legal entity, as defined in subdivision (c) of Section...
• Section 480.2.
  (a) Whenever there is a change in ownership of any corporation, partnership, limited liability company, or other legal entity, as defined in subdivision (d) of Section...
• Section 480.3.
  (a) Each county assessor and recorder shall make available, without charge and upon request, a form entitled “Preliminary Change of Ownership Report,” which transferees of real...
• Section 480.4.
  (a) The preliminary change of ownership report referred to in Section 480.3 shall give information relative to the transfer. The information shall include, but not be...
• Section 480.5.
  (a) Every owner of tax-exempt real property shall report to the local assessor the creation, renewal, sublease, or assignment of any lease, sublease, license, use permit,...
• Section 480.6.
  (a) Notwithstanding any other provision of law, a holder of a possessory interest in real property that is owned by a state or local governmental entity...
• Section 480.7.
  (a) On or after January 1, 1996, in addition to any filing required to be made pursuant to Section 441, 480, 480.1, or 480.2, any domestic...
• Section 480.8.
  (a) (1) For purposes of complying with the change in ownership provisions of Section 65.1 and subdivision (i) of Section 61, upon a written request of the...
• Section 481.
  All information requested by the assessor or the board pursuant to this article or furnished in the change in ownership statement shall be held secret...
• Section 482.
  (a) (1) If a person or legal entity required to file a statement described in Section 480 fails to do so within 90 days from the date...
• Section 482.1.
  If there is a failure to file a change in ownership statement within the time required by subdivision (b) of Section 480, the successor in...
• Section 483.
  (a) If the assessee establishes to the satisfaction of the county board of equalization or the assessment appeals board that the failure to file the change...
• Section 484.
  With the exception of the penalty provision of Section 463, the provisions of Article 2 (commencing with Section 441) shall be available to the assessor...
• Section 485.
  If, after written request by the assessor, any person fails to comply with any provision of law for furnishing information required by Section 480, the...
• Section 487.
  Any life insurance company that completes a real property transaction for which approval was obtained from the Insurance Commissioner pursuant to Section 10506 of the...

Last modified: October 22, 2018