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Pastimes : Where the GIT's are going
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To: Neeka who wrote (152304)10/8/2007 4:43:01 PM
From: Alan Smithee  Read Replies (1) of 225578
 
As I understand the process as it's done in my county, it's a valuation approach based on overall fair market value. If the attic space somehow adds to the value, I guess it'd be included. We redid the basement and turned 1450 sf of storage/utility space into liveable space. My assessment went up accordingly. If you have an unfinished and unheated attic space, it likely doesn't add any incremental value to the house.
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