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Change in Ownership

The Revenue and Taxation Code defines change in ownership as “a transfer of a present interest in real property, including the beneficial use thereof, the value of which is substantially equal to the value of the fee interest”.

However, either by legislation or voter initiative, several types of transfers are excluded from reassessment. Listed below are those most commonly occurring. Please contact the Assessor’s Office for additional information regarding change in ownership.




Change In Vesting

Any transfer between co-owners that results in a change in the method of holding title to the real property transferred without changing the proportional interests of the co-owners is excluded (i.e. change from joint tenancy to tenancy in common).



 


Assessor's Office

44 North San Joaquin Street
Second Floor Suite 230
Stockton, CA 95202
Phone: (209) 468-2630
Fax: (209) 468-8383
Office Hours: 8:30 - 4: 30