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  • LLC for Real Estate and CA Property tax implications

    By Melissa Meiyen Wong - 02.04.25 0

    I was wondering among those who have LLCs for each property, in California, how do we manage members to ensure property taxes do not reassess? I know currently if you are sole owner, or joint, you sign up for the LLC and there is no tax reassessment if it is one for one – in other words, if sole owner you are a single member w/ 100% shares, or joint with 50/50 shares. When you decide to pass on and add other members (for me, my children) will this trigger a new tax assessment? Or if a member dies and shares are redistributed to others without a property tax reassessment?

    I know that LLCs are entities, and the key is that they live forever. If they live forever, then taxes, in theory would never be reassessed? I know this is the case of Disney in Anaheim, CA – they are assessed at the same market valuation back in the 1980’s, but they are a corp and that is a bit different.

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