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Old 06-07-2012, 10:01 AM
 
4,480 posts, read 7,935,315 times
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Quote:
Originally Posted by Ohiogirl81 View Post
Why are you trying to weasel out of your property tax responsibility? We all have to pay
There are other options. One does not need to sell their house to reduce their taxes. Has nothing to do with not paying. Everyone pays based on fair value. If I have a paid off house, im old and I want to tear down my barn and 1/2 of my house, I'm entitled to do so and the taxes would be adjusted to match the new value.

Last edited by 399083453; 06-07-2012 at 10:14 AM..
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Old 06-07-2012, 10:32 AM
 
3,777 posts, read 7,163,842 times
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Quote:
Originally Posted by 399083453 View Post
There are other options. One does not need to sell their house to reduce their taxes. Has nothing to do with not paying. Everyone pays based on fair value. If I have a paid off house, im old and I want to tear down my barn and 1/2 of my house, I'm entitled to do so and the taxes would be adjusted to match the new value.
Yes. OP could spend a huge sum of money to remove the rooms. Add to that the value he has torn from his house ($50,000? $100,000? more?).

If he'd save himself a thousand or so a year, it'd be worth it, right?
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Old 06-07-2012, 07:04 PM
 
48,519 posts, read 80,998,062 times
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Quote:
Originally Posted by ZeeWebster View Post
If i rent it, who has to give the property tax for that second floor? So again shall i have to give the income tax for rent?
Best first check on zonig and if rentig a room(s) is allowed.Besides that has owner and landlord you would still be reposnible for the taxes to taxing authority. You could include it in rent as rentals do. B ut renting when zoning does not allow it can get you a summons and fine.
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Old 06-07-2012, 08:20 PM
 
4,480 posts, read 7,935,315 times
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Quote:
Originally Posted by sll3454 View Post
Yes. OP could spend a huge sum of money to remove the rooms. Add to that the value he has torn from his house ($50,000? $100,000? more?).
When I do demolition, the only thing it costs me is my time. Essentially free.

Quote:
Originally Posted by sll3454 View Post
If he'd save himself a thousand or so a year, it'd be worth it, right?
Well, if he is getting old, has no need for the upstairs in the future but plans to live his life in the house, and is on a fixed income. Then yes, $1000 year may be worth it. Especially if he has no need for the upstairs.

It really depends on the situation.

PS. Personally, I'd just sell it and move to Florida, but everyone is different.
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Old 06-07-2012, 08:59 PM
 
3,777 posts, read 7,163,842 times
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Quote:
Originally Posted by 399083453 View Post
When I do demolition, the only thing it costs me is my time. Essentially free.
Most people don't do their own demolition - especially something like removing a second floor. You have to make sure that roof ends up in the right place.

At least the unused rooms aren't on the first floor, with him living on the second. Now that demolition would be a real trick.
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Old 06-08-2012, 07:32 AM
 
4,480 posts, read 7,935,315 times
Reputation: 6404
Sounds to me we are just talking about removing sheetrock and flooring, not a big deal. All you need is a hammer and garbage bags.
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