09/24/2026
๐ก Florida homeowners โ this is an important one!
Thinking about transferring your homesteaded property into an LLC? Make sure you understand how it could affect your property taxes before signing that deed.
A transfer can impact your propertyโs assessment cap and potentially mean a much higher tax bill the following year. ๐ณ
And if youโve already transferred it this year, pay close attention to the year-end information in the post below. ๐
Great info from the Pinellas County Property Appraiser โ definitely worth a read and a share!
Thinking of transferring your homesteaded property into a LLC? While a LLC may provide some liability protection it wonโt protect your propertyโs assessment cap from resetting to Just/Market Value. Transferring your property to or from an LLC is considered a change of ownership for property tax purposes under state law, causing a removal of any existing assessment cap on the property and a higher property tax bill the following tax year.
If youโve already done so this year, you can quitclaim the property back before year end to prevent this from happening in the new year. As always, contact our office at (727) 464-3207 with any questions.