What is provided in the Preliminary Change of Ownership.?

The Preliminary Change of Ownership Report (PCOR) is a document submitted to local assessors when real property changes hands. It typically includes information such as the names of the buyer and seller, the property address, the nature of the transaction, and the purchase price. This report helps assessors determine property tax assessments and ensures accurate record-keeping for tax purposes. It may also include details about any exemptions or exclusions relevant to the transaction.