Change in Ownership – Rescissions
Board staff has initiated a project to issue guidance to county assessors summarizing the various written opinions by the Board of Equalization's Legal Department that address (1) a property owner's ability to rescind a recorded deed that triggered a reassessable change in ownership and (2) the property tax effect of such a rescission.
| Date | Description of Task |
|---|---|
| 5/29/2018 | Staff to release letter advising recipients of the project and inviting interested parties to submit proposed changes to the draft Letter to Assessors (LTA) |
| 7/31/2018 | Deadline for interested parties to provide proposed changes, in the form of alternate text, to the staff. |
| 12/18/2018 | Staff to meet with interested parties to discuss draft LTA |
| 9/12/2019 | Staff to release letter advising recipients of the project process and inviting interested parties to submit proposed changes to the draft Letter to Assessors (LTA) |
| 10/23/2019 | Deadline for interested parties to submit comments |
| 8/6/2021 | Staff released Letter to Assessors No. 2021/033 summarizing a mutual rescission and referencing guidance previously issued in Property Tax Annotations |