I just found out, that if I dare want to do home improvement on my old 100 year old asbestos filled house taxes go up?!? (Babylon: real estate, new house)
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does anyone know , ball park figure speaking HOW much your taxes will go up?
Is it $100? $500 $5000?
so you are saying its possible that your taxes can go from $12,000 to $20,000 if you do things like make the garage into living spaces or make it a dormer?
No one can say because no one knows where you live or what's been going on with your house in the past. Have past owners grieved the taxes or let them spiral? What exactly are you doing? etc etc
The OP does raise an interesting point. Home improvements can lead to a tax increase.
I actually had discussions on this family and friends. Because the Long Island taxes are so high already, its like they are deliberately trying to discourage people from improving their homes. Or if they do improve their home, to do it without a permit and under the radar screen. Either way, the town and school district are losing additional revenue.
The county, town, school, etc are going to collect what they are going to collect regardless if the work is done or not or if a permit is done or not. Now, how that amount gets spread across all taxpayers would be determined in part by the improvements made, etc
If you currently have a 1300 sq/ft home and you want to add a dormer to make it 2000 sq/ft, of course it will be raised. You are increasing the size of the house, which increases the value of the house. The govt wants their share of what you have. The garage will be taxed. As mentioned above, leave the garage doors on and no one will know and the taxes will not go up.
There was an old house in Oyster Bay we were going to buy for $300K back in 2013. It was old and needed work and had a store front attached to the front that nearly went to the street. I would have removed that store front. There was no commercial property allowed in that area. The walls were made of tin. It needed a lot of work. I asked my friend that build houses if I should buy it, knock it down and build another house. He said that the current $6k taxes would most likely go up to about $25.000 due to being charged New Construction tax rates. Of course, you could leave up one wall and possibly get away with it.
That one wall loophole ended a long time ago. If you double the sq footage it’s taxed at new construction.
The county, town, school, etc are going to collect what they are going to collect regardless if the work is done or not or if a permit is done or not. Now, how that amount gets spread across all taxpayers would be determined in part by the improvements made, etc
If the work is NOT done, for instance NOT putting in a new fireplace, inground pool or new addition to the house, they will not raise your taxes for it. You cannot raise taxes for something that does not actually exist but instead is only an idea in someone's head.
That is what I mean by high taxes discouraging people from improving their homes. People might want to add a new room to the house, say a large den with a fireplace, but then have second thoughts when they realize they are already paying $11,000 a year in property taxes. Why make it even worse?
I called the nassau county assessor to inquiry wo giving my name or address. I asked if I need to make an appointment after work is done. I had to demo an illegal
Deck and front porch. File permits so i can build a new portico. So i have two less things now.
Lady said once permit gets signed off by town, they (the assessor) will be notify by town & will
Come to your property whenever they get to it. They do an assessment for exterior, hence, the property sketch on their website. They may or may not ask if they can come in. Some will
Ask to verify how many baths or rooms.
Location: East of Seattle since 1992, 615' Elevation, Zone 8b - originally from SF Bay Area
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Quote:
Originally Posted by LeaveTheWorldBehind
even if you convert the garage they raise taxes?
does anyone know , ball park figure speaking HOW much your taxes will go up?
Is it $100? $500 $5000?
so you are saying its possible that your taxes can go from $12,000 to $20,000 if you do things like make the garage into living spaces or make it a dormer?
Most of those garage conversions with the door left are done without permits and therefore do not affect taxes. The problem is that when they go to sell the lender may require permit and compliance after the fact or deny the loan. This happened to us at a house in California, and we lost that buyer.
Last edited by Hemlock140; 12-19-2023 at 08:25 AM..
The OP does raise an interesting point. Home improvements can lead to a tax increase.
I actually had discussions on this family and friends. Because the Long Island taxes are so high already, its like they are deliberately trying to discourage people from improving their homes. Or if they do improve their home, to do it without a permit and under the radar screen. Either way, the town and school district are losing additional revenue.
or they have to keep raising taxes because of all the people illegally not getting permits and paying the taxes they owe.
Another big thing is how most people extremely exaggerate how much their taxes will actually go up. I have seen it with friends. Instead of building a new house like they want and can afford. They remodel or add on a extra room. In reality they are saving tens of dollars a month to live in a remodeled house instead of a new house designed like they wanted.
If the work is NOT done, for instance NOT putting in a new fireplace, inground pool or new addition to the house, they will not raise your taxes for it. You cannot raise taxes for something that does not actually exist but instead is only an idea in someone's head.
That is what I mean by high taxes discouraging people from improving their homes. People might want to add a new room to the house, say a large den with a fireplace, but then have second thoughts when they realize they are already paying $11,000 a year in property taxes. Why make it even worse?
Instead, they decide to move to North Carolina.
When it comes down to it, I don't think really many people are deciding not to do work on their home because of taxes going up. For starters the cost of the tax increase would barely be a fraction of the cost. Secondly, something like that would be the case no matter where you are in the country. As an aside, I could see people not getting a permit for their work due to potential taxes, though again that is not unique to Long Island and could cause problems when you go to sell so that would be risk/reward
If the work is NOT done, for instance NOT putting in a new fireplace, inground pool or new addition to the house, they will not raise your taxes for it. You cannot raise taxes for something that does not actually exist but instead is only an idea in someone's head.
That is what I mean by high taxes discouraging people from improving their homes. People might want to add a new room to the house, say a large den with a fireplace, but then have second thoughts when they realize they are already paying $11,000 a year in property taxes. Why make it even worse?
Instead, they decide to move to North Carolina.
Hope they like rural areas. THe house we paid $350K for is now worth $750K. House on the other side of my neighborhood went for $1 mil last year. These are normal 4 BR center hall colonial homes.
or they have to keep raising taxes because of all the people illegally not getting permits and paying the taxes they owe.
Another big thing is how most people extremely exaggerate how much their taxes will actually go up. I have seen it with friends. Instead of building a new house like they want and can afford. They remodel or add on a extra room. In reality they are saving tens of dollars a month to live in a remodeled house instead of a new house designed like they wanted.
I assume you don’t live on LI a new construction 3100 sq ft home in plainview or syosset will be taxed at 26-32k a year. A 1900 sq ft home will be 14-18k. It’s way more than tens of $$ a month. As most remodels are done w/o permits and don’t trigger big tax hikes. Additions crush your taxes as does new builds.
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