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

To: Neeka who wrote (152224)	10/7/2007 2:51:15 PM
From: ManyMoose	Read Replies (1) \| Respond to of 225578

Smithee corrected me on that as well. I do remember somebody saying that, though.

To: Neeka who wrote (152224)	10/7/2007 10:59:17 PM
From: Alan Smithee	Read Replies (2) \| Respond to of 225578

Under WA law, the local assessor is required to tax the house based on the "true and fair value." That basically is market value. The computation is based on square footage, improvements, condition of the house, etc. Basically, it's the same process any appraiser goes through (say for a lender) in valuing the house. Basement goes into the equation - for example, we remodeled our basement, adding a family room, two bedrooms, a utility room and a full bath. You can bet it added to the value of the house for tax purposes.