Property Transfer Tax Advice

[Andrew Heinzmann]

Hello,

I am looking to transfer my first investment property located in Chicago, IL from my personal name to my LLC. Everything I can find online shows I will pay $5.25 for every $500 of the transfer price, which will roughly equate to a whole years worth of (already extremely expensive) property taxes. I'm a little shocked as this is not something. I was expecting! Is there a way around this? Or am I going to have to pay the price for not doing my homework? Any advice or insights is greatly appreciated!

Thanks!