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

[Mary Joe]

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

[Ray Hage]

Hi Mary, you wouldn't need to worry about that if it occurs within the same calendar year. People do it all the time actually.