What impact is there on your property tax when your Humboldt County real property is transferred into or out of a revocable trust? There are two general rules that apply; however, there are a number of exceptions to these general rules. The two general rules are:
1. The transfer by the Trustor, or any other person, of real property into a trust is a change in ownership in such property at the time of the transfer;
2. The termination of a trust, or portion thereof, constitutes a change in ownership at the time of the termination of the trust.