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Mary Joe
  • Investor
  • Brooklyn, NY
28
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254
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Buying and Transferring to LLC same year trigger TWICE the ppty tax hike in Florida?

Mary Joe
  • Investor
  • Brooklyn, NY
Posted May 16 2024, 08:59

Hello, if I purchase a rental property in Miami this year and close under my name, 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, and then second reassessment when transferring the title to a LLC  , all happening within 30 days in the same year.

Any advice would be appreciated.  Thanks 

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