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Pastimes : Where the GIT's are going -- Ignore unavailable to you. Want to Upgrade?

To: ManyMoose who wrote (152210)10/7/2007 11:51:04 AM
From: CWolf  Read Replies (1) | Respond to of 225578
 
Maybe you could raise your house up on a pole thru the center and have a really small footprint. :)



To: ManyMoose who wrote (152210)10/7/2007 1:25:57 PM
From: Alan Smithee  Read Replies (2) | Respond to of 225578
 
Not true. Your real estate tax bill is based on the assessed value of the house. Most municipalities are on a 4 year revaluation cycle, which means your valuation gets adjusted every 4 years. Value can be a function of square footage, but a 2500 square foot rambler and a 2500 square foot two story with identical values would have the same tax bill.



To: ManyMoose who wrote (152210)10/7/2007 1:43:02 PM
From: Neeka  Read Replies (2) | Respond to of 225578
 
I don't think that is right. I think prop tax is assessment is based on sq footage of your house and then the land value. I'm not sure how they assess land value, but pretty sure sq footage is the deal for the house. If you ever listen to real estate radio you'll hear them mention that over and over again.

Someone recently told me that basements aren't added to value of house. I'm very sure that is wrong too.


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