Do you have to pay transfer tax if quit claim deed to LLC?

[David Grant]

Hello BP community,

If we quit claim a personal property into an LLC, are there any transfer taxes? We are based out of Georgia. From what I read online, if there is no cash exchanged, then there is only a $10 registration fee. But I'd like to confirm this, I'm not sure if our corporate attorney would know.

Are there any other taxes we should be aware of? I read there was a capital gains tax if the value of the property appreciated upon transfer. How do they determine if the property value has changed upon the quit claim deed? 

Thank you.