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Updated about 10 years ago on . Most recent reply

Account Closed
  • Steubenville, OH
1
Votes |
10
Posts

LLC Transfer and property taxes

Account Closed
  • Steubenville, OH
Posted

Hello, Happy Saturday.

I am currently looking at a property and the broker informed me that the current property taxes are 60k a year and the after the sale of the property they can go up to 160k a year! He said the owner is willing to transfer to ownership off the llc to me in order to help defer property taxes. Basically the sale price of the building won't be on the counties books, so property taxes won't go up? 

Any one have any experience with this 

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