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F-502-A-R12-051 -3001 06-3
<br />BOE-502-A (P3) REV. 12 (05-13)
<br />ADDITIONAL INFORMATION
<br />Please answer all questions in each section, and sign and complete the certification before filing. This form may be used in all 58 California
<br />counties. If a document evidencing a change in ownership is presented to the Recorder for recordation without the concurrent filing of a
<br />Preliminary Change of Ownership Report, the Recorder may charge an additional recording fee of twenty dollars ($20).
<br />NOTICE: The property which you acquired may be subject to a supplemental assessment in an amount to be determined by the County
<br />Assessor. Supplemental assessments are not paid by the title or escrow company at close of escrow, and are not included in lender
<br />impound accounts. You may be responsible for the current or upcoming property taxes even if you do not receive the tax bill.
<br />NAME AND MAILING ADDRESS OF BUYER: Please make necessary corrections to the printed name and mailing address. Enter
<br />Assessor's Parcel Number, name of seller, buyer's daytime telephone number, buyer's email address, and street address or physical
<br />location of the real property.
<br />NOTE: Your telephone number and/or email address is very important. If there is a question or a problem, the Assessor needs
<br />to be able to contact you.
<br />MAIL PROPERTY TAX INFORMATION TO: Enter the name, address, city, state, and zip code where property tax information should be
<br />mailed. This must be a valid mailing address.
<br />PRINCIPAL RESIDENCE: To help you determine your principal residence, consider (1) where you are registered to vote, (2) the home
<br />address on your automobile registration, and (3) where you normally return after work. If after considering these criteria you are still
<br />uncertain, choose the place at which you have spent the major portion of your time this year. Check YES if the property is intended as
<br />your principal residence, and indicate the date of occupancy or intended occupancy.
<br />PART 1: TRANSFER INFORMATION
<br />If you check YES to any of these statements, the Assessor may ask for supporting documentation.
<br />C,D,E, F: If you checked YES to any of these statements, you may qualifyfor a property tax reassessment exclusion, which may allow you
<br />to maintain your property's previous tax base. A claim form must be filed and all requirements met in order to obtain any of these
<br />exclusions. Contact the Assessor for claim forms. NOTE: If you give someone money or property during your life, you may be subject
<br />to federal gift tax. You make a gift if you give property (including money), the use of property, or the right to receive income from property
<br />without expecting to receive something of at least equal value in return. The transferor (donor) may be required to file Form 709, Federal
<br />Gift Tax Return, with the Internal Revenue Service if they make gifts in excess of the annual exclusion amount.
<br />G: Check YES if the reason for recording is to correct a name already on title [e.g., Mary Jones, who acquired title as Mary J. Smith, is
<br />granting to Mary Jones]. This is not for use when a name is being removed from title.
<br />H: Check YES if the change involves a lender, who holds title for security purposes on a loan, and who has no other beneficial interest
<br />in the property.
<br />"Beneficial interest" is the right to enjoy all the benefits of property ownership. Those benefits include the right to use, sell,
<br />mortgage, or lease the property to another. A beneficial interest can be held by the beneficiary of a trust, while legal control of the
<br />trust is held by the trustee.
<br />I: A "cosigner" is a third party to a mortgage/loan who provides a guarantee that a loan will be repaid. The cosigner signs an agreement
<br />with the lender stating that if the borrower fails to repay the loan, the cosigner will assume legal liability for it.
<br />M: This is primarily for use when the transfer is into, out of, or between legal entities such as partnerships, corporations, or limited liability
<br />companies. Check YES only if the interest held in each and every parcel being transferred remains exactly the same.
<br />N: Check YES only if property is subject to subsidized low-income housing requirements with governmentally imposed restrictions;
<br />property may qualify for a restricted valuation method (i.e., may result in lower taxes).
<br />O: If you checked YES, you may qualify for a new construction property tax exclusion. A claim form must be filed and all requirements
<br />met in order to obtain the exclusion. Contact the Assessor for a claim form.
<br />PART 2: OTHER TRANSFER INFORMATION
<br />A: The date of recording is rebuttably presumed to be the date of transfer. If you believe the date of transfer was a different date (e.g., the
<br />transfer was by an unrecorded contract, or a lease identifies a specific start date), put the date you believe is the correct transfer date. If
<br />it is not the date of recording, the Assessor may ask you for supporting documentation.
<br />B: Check the box that corresponds to the type of transfer. If OTHER is checked, please provide a detailed description. Attach a separate
<br />sheet if necessary.
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