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Updated almost 6 years ago on . Most recent reply

User Stats

16
Posts
3
Votes
Bryce Gubler
  • Investor
  • Oakland
3
Votes |
16
Posts

tax reassessment when transferring property to llc ?

Bryce Gubler
  • Investor
  • Oakland
Posted

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!

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