Transfer tax to move deed into LLC in Pennsylvania

[Sara Abernethy]

Hi there!

I have a question for Pennsylvania investors. I have been considering moving my PA rental properties into an LLC, but the county tells me there is a realty transfer tax of 2% to move the deed from my name into the LLC. Has anyone else in PA done this?

I have 3 properties worth about $500k altogether. $10k seems pretty expensive to set up an LLC. I can't imagine this is worth it?From a protection standpoint, I do have an umbrella policy on these properties.

Am I missing something here?  

Sara