When getting a permit to finish a basement in NY will that increase my taxes?
2007-10-10 09:23:24 · 5 answers · asked by Adam 1 in Home & Garden ➔ Decorating & Remodeling
If it increases property value, it could increase property taxes
2007-10-10 09:25:21 · answer #1 · answered by wizjp 7 · 0⤊ 0⤋
It is irrelevant whether they got a permit or not. Before you purchase any house, you'll get the home inspected and the inspector will tell you whether anything is wrong. It is quite possible that it's been finished to code, even if they never got a building permit - just as it's possible they got a building permit but didn't finish it to code. That's what a pre-purchase home inspection is for.
2016-05-21 00:41:24 · answer #2 · answered by ? 3 · 0⤊ 0⤋
unless you are putting in a bath or a door to the outside where there was none if it is just a cosmetic re do i don't think you would need a permit.
2007-10-10 09:54:37 · answer #3 · answered by oildog#1 3 · 0⤊ 0⤋
I thought property value is based on the average selling price of similar houses in your area in recent years, not the value of one particular house. No one knows the exact value of a house until it is sold.
2007-10-10 09:33:28 · answer #4 · answered by OKIM IM 7 · 0⤊ 1⤋
not sure about Ny but it doesnt in Fl
2007-10-10 09:25:47 · answer #5 · answered by Anonymous · 0⤊ 0⤋