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Updated 11 months ago on . Most recent reply

User Stats

254
Posts
28
Votes
Mary Joe
  • Investor
  • Brooklyn, NY
28
Votes |
254
Posts

Florida ppty tax question: buying and transferring to LLC same year

Mary Joe
  • Investor
  • Brooklyn, NY
Posted

Hello,

If I purchase a rental property in Miami this year and close under my name initially, and then transfer the title to a LLC the same year, do I need to anticipate TWO times the property tax hike for next year? First reassessment when closing under my name initially, and then second reassessment when transferring the title to a LLC , even though all happening within 30-60 days in the same year.

Any advice would be appreciated. Thanks

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