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Updated almost 8 years ago,

User Stats

55
Posts
4
Votes
Jen H.
  • Los Angeles, CA
4
Votes |
55
Posts

Changing ownership of rental properties to LLc

Jen H.
  • Los Angeles, CA
Posted
I'm looking to move my single family houses into an LLC instead of my personal name. By doing this transaction, will the county recorder consider this a sale of property thereby re-assessing the property value for property tax purposes? And causing an increase in taxes since the value of the houses have gone up according to comps? Thanks!

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