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Old 06-10-2012, 07:11 AM
 
3,777 posts, read 7,163,842 times
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A house built about ten years ago is listed as being about 50% larger than what the county records show (3000 sq ft instead of 2000). The explanation is that the original floorplan was 2000 but they didn't follow the plan when building. (I was expecting a different explanation - like a typo, or that they had accidentally included the garage. I have not seen the house in person, only online.)

I realize not all counties do things the same way, but in most counties wouldn't this be discovered during some inspection? Or wouldn't it be important for tax purposes?

Also, for the agents: if you discovered that a house you were listing was this far off of what county records show, is it something you would be responsible for reporting?
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Old 06-10-2012, 07:28 AM
 
Location: The Triad (NC)
26,837 posts, read 57,830,396 times
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Quote:
Originally Posted by sll3454 View Post
A house built about ten years ago is listed as being about 50% larger than what the county records show...
w/r/t listings: These are sales tool and NOT even remotely any sort of legal document. No one at the sell end of the transaction has any motivation to look more deeply. Looking deeply (caveat emptor) is entirely on the buyer.

w/r/t taxes: It's highly unlikely that the county (or State) have missed the chance to assess an extra 1000sf of space.
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Old 06-10-2012, 08:15 AM
 
Location: El Dorado Hills, CA
3,670 posts, read 7,972,766 times
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In our MLS we might say something like "Tax records show 2000 ft, owner says 3000 ft, buyer to verify". It's not our job to fix the tax records but we do have to disclose any discrepancies.
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Old 06-10-2012, 09:37 AM
 
3,777 posts, read 7,163,842 times
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Quote:
Originally Posted by MrRational View Post
w/r/t taxes: It's highly unlikely that the county (or State) have missed the chance to assess an extra 1000sf of space.
That did happen in the house we're in now. Tax records showed about 850 ft; major addition (to over 3000 ft) went untaxed for about six years until we bought.

Do most counties rely on a floor plan and not actually go out and measure once the house is built? This county (the same one that missed the house for six years) came out and measured my barn when it was done.
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Old 06-10-2012, 10:23 AM
 
Location: Lake Mary, Florida
793 posts, read 2,150,915 times
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It's a roll of the dice! In Florida the counties will eventual discover the discrepancy and not only collect but levy heavy fines.

Just experienced first hand in a community in Altamonte Springs where as the homes sold as foreclosures and short sales they knocked on the door of the buyers and enlightened them.

The way I discovered it was a home I had listed an investor who just bought in the area thinking he was buying a great income producer had to adjust his tax number in his equation.

They are also checking building permits, one buyer had the option of removing or go through the permitting process from architectural drawings and inspections at a cost of $5,000 dollars. They choose the latter.

The way they do it is by visibly checking the outside footprint and measuring and matching to information on property records.

It could be as simple as enclosing a screened in area and bring it under air.

Oh and 'I didn't understand' or 'The person I bought it from etc...' will not work!!!

Hope this helps,
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Old 06-10-2012, 11:54 AM
 
Location: NJ
17,579 posts, read 38,288,152 times
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Quote:
Originally Posted by MrRational View Post

w/r/t taxes: It's highly unlikely that the county (or State) have missed the chance to assess an extra 1000sf of space.
You are clearly overestimating the competence of local authorities.
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Old 06-10-2012, 12:42 PM
 
Location: Lexington, SC
4,281 posts, read 10,284,194 times
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In my last home the county records showed it 400sq ft less then actual. We found out the county records were minus the optional 400sq ft, over the garage bonus room.
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Old 06-10-2012, 01:39 PM
 
3,777 posts, read 7,163,842 times
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Quote:
Originally Posted by accufitgolf View Post
In my last home the county records showed it 400sq ft less then actual. We found out the county records were minus the optional 400sq ft, over the garage bonus room.
Had it been unpermitted? Did the county want back taxes? Or did you just leave it as it was?
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Old 06-10-2012, 01:52 PM
 
Location: Salem, OR
13,740 posts, read 31,550,338 times
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Typically builders submit a particular plan to the county for the building permit process, but other "similar" floor plans are also considered interchangeable. It is very common out here for a different plan to be built on a lot that originally submitted. The city inspectors just inspect. They don't report to the assessor's office. Out here, it is typically caught within 3 years or so, but it happens.
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Old 06-10-2012, 02:28 PM
 
Location: North Beach, MD on the Chesapeake
32,106 posts, read 39,155,933 times
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Also, the information can be incorrect just because. Our house was built in 1915 but the County has it 1940.
Why? Because there was a fire that destroyed the records (at the County level) and the records that replaced them were all given a nominal 1940 date.

We knew the house was older when we bought it and tracked down the actual date using State records and insurance maps. Both were an adventure since the house was built pre-dating street numbers, the street changed names a couple times and the houses here were given, and indentified by, owner chosen names.

Last edited by North Beach Person; 06-10-2012 at 02:46 PM..
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