How Do I Buy A House Without Incurring Increased Property Tax Assessment?
Hi, I am trying to buy my neighbor's house, but I don't want to have the new purchase price as the tax base for property taxes...I was told there was a way to create a LLC and have my neighbor put the property in it and have me as one of the directors, then have them removed, thus avoiding an official sale...does this sound right? Doesn't a change of title cause a new tax assessment? THANKS IN ADVANCE FOR YOUR HELP!!!
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