Our property is in the Gatlinburg TN area and we just finally figured out all of the different STR tax requirements there (remitting lodging taxes, franchise and excise tax and business taxes for our LLC, etc).

Hello Sean,  I am in Washington, and we have a hefty excise tax due with a property transfer. 

Levi Trentham with the Short Term Shop in the Smoky Mountains.

If I had held onto it for another 2 years, I could have gotten even more, but I sold it as I was tired of the poor management and special levies. 

Are any of the property taxes levied on the structures? 

HOWEVER, no income is sourced (apportionment) to NJ, so while a tax return gets filed in NJ, there will be no income (and therefore no tax) levied in NJ on the LLC.

While there is no state tax, there is an excise tax of net profits. 

/Treasury/Property-TaxesHere is what it says about calculating taxes:Assessed Value x Mill Levy = Property Tax DueTo determine the tax due the Assessor first determines the ACTUAL value of your property.

/Treasury/Property-TaxesHere is what it says about calculating taxes:Assessed Value x Mill Levy = Property Tax DueTo determine the tax due the Assessor first determines the ACTUAL value of your property.

I asked the bank about adding a partner but because we're not married I would have to add him to the title which I would also have to pay excise tax on.