Transfer Tax in Philadelphia

[Tomer Shani]

Hello BP!

I bought a few houses in Philly with a traditional mortgage. due to that, I had to take title with my name. 

Now I'm starting to form an LLC for each of my units and my question is:

Am I subject to transfer tax (%4.05) when I transfer the deed from my name to the LLC's name? I know there's different answers in different states. would love to hear what you know on the subject.

Many thanks,  

[Irfan Raza]

@Tomer Shani If you are worried about liability, why not just purchase insurance with a high liability coverage, or get an umbrella policy to increase your liability.  In my opinion it is just not practical to transfer to an llc, especially because your loan would be callable on transfer.