There's some sort of similar law in California where transferring whole ownership or majority ownership triggers re-assessment of value for tax purposes, and if

There's some sort of similar law in California where transferring whole ownership or majority ownership triggers re-assessment of value for tax purposes, and if you can manage to somehow sell a house without triggering a re-assessment / the property keeps the old assessment even though years of appreciation have happened, the buyers can save a ton of money on property taxes. (at least, this was my completely amateur reading of the law at the time) The last time I bought a house, I thought about creating one or more LLCs solely to own the house, so that when it came time to sell the house, I would sell each LLC one at a time to the buyer. Of course the idea falls down completely in practice in a number of ways [0], but for some reason my mind can't help but consider the law as a puzzle. [0] you'd never find a buyer who was willing to do this weird LLC purchase instead of buying it through a realtor. also, the buyer would have to have some assurance that, after selling you one or two of the LLCs, you'd sell the remaining ones to them as well under the same terms... but that sounds a lot like a contract to sell all three, which is transferring whole ownership. absolutely any judge would look at this and be very cross with me. All of this is completely aside from the question of whether it's immoral to try to dodge property taxes to begin with (though in this case, I wouldn't be, I would be facilitating the next buyer to do so).