My 1st Acquisition in Cleveland Ohio ! - Property Tax question

[Achraf El Churafa]

Hi All 

I just acquired my 1st 6 unit building in Cleveland Ohio, I have a property tax question. I acquired the property from an owner who owned it since 97. The market value (in county records) is 120K but the assessed value is 43K. If i purchase it anything above the 43K, would I have exposure the taxes will go up based on new purchase price ?

If yes, what if I buy the LLC that owns the property, there will not be any change in title or deed ownership, would this impact my property taxes or not ?