Extra taxes due to finished basement?

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Re: Extra taxes due to finished basement?

Post by javeed on Sat Sep 16, 2017 6:56 pm

Hi Harish,

Property tax will be based on the assessed value of the property sale price, so if you finish your basement now it will become part of the sale price and property tax there on. If you plan to finish later, you need to take the permit from the city and that will trigger revaluation again and affect property tax.



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