Updated about 6 years ago on . Most recent reply
tax reassessment when transferring property to llc ?
I'm considering to transfer a Los Angeles, CA property that is currently under my name to an LLC. The property is owned outright and is now worth much more than when it was first acquired. Is there a way to make the transfer without triggering a property tax reassessment? It's the first time doing a transfer like this, so any input would be extremely helpful. Thank you all in advance!