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Old 09-27-2014, 01:33 PM
 
Location: Cottage Grove OR
181 posts, read 505,417 times
Reputation: 222

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In general I reccomend people lease for a year before relocating. Imagine if your friend had done that he could have saved that 40K... or at least a big chunk of it.

Before he moves back to Cali he should line up a job there so he can claim the moving expenses as a tax deduction (check with your accountant to be sure, but I have claimed that exemption a few times and the guidelines are pretty liberal)

I lived in Brattleboro a long time ago. I used to love Mud season as that meant the skiiers were leaving!
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Old 09-27-2014, 03:58 PM
 
Location: Vermont
5,439 posts, read 14,786,597 times
Reputation: 2630
Quote:
Oh, a ps for the taxes issue that might seem "off".....My houses burned to below basement and that year I paid twice the taxes as the year before. Mind you...I'm looking at an empty lot, but taxes are based on PRIOR years earnings. It all came out ok the next year but ,man, I hated writing those checks looking at a flat piece of earth. Next year I had a new house with hardly any taxes....VT taxes are different than a lot of places.
So if I build a house , should I complete it after when taxes are due? They won't hit me up for the real value until the next year?
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Old 09-27-2014, 06:30 PM
 
Location: The Woods
16,960 posts, read 22,277,190 times
Reputation: 9070
Some people never finish their house to keep the taxes lower.
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Old 09-27-2014, 09:11 PM
 
874 posts, read 907,019 times
Reputation: 1769
TO the OP... thanks for posting this. As someone who lived in VT off and on, I can relate a little.

The first thing that came to my mind however was Alaska. I've seen so many shows lately about people moving to Alaska and just shake my head. I wonder what percentage packs up and heads back to the lower 48 after the first winter in Alaska.
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Old 09-28-2014, 04:50 AM
 
1,135 posts, read 1,842,391 times
Reputation: 1571
Quote:
Originally Posted by joe moving View Post
So if I build a house , should I complete it after when taxes are due? They won't hit me up for the real value until the next year?
That is what happened to me since the assessors only come once a year. First year after building was a partial value and paid taxes on that. Then year after, they considered it at least 80% and paid on the full amount. They no longer do the "unfinished house" gig. ( I just ran out of money) But, not saying there is any way around taxes since I did pay a decent amount when I had a gaping hole in the ground. Timing I guess.
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Old 09-28-2014, 08:35 AM
 
809 posts, read 678,655 times
Reputation: 1333
Check the manual that the town listers use to appraise a house-- you'll find that certain things will raise or lower the value. Some examples from my town: In order of increased taxation, siding here is: asphalt shingles, board and batten vinyl siding. More square footage, greater the worth. More than three faucets, higher value. Kitchen shelves, minimal; kitchen cupboards, more value. Ratty and rundown appearance, lower value. And so on. It can be an eye-opener.
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Old 09-28-2014, 10:13 AM
 
Location: in a cabin overlooking the mountains
3,079 posts, read 3,723,232 times
Reputation: 2253
You'd be surprised actually about that ratty and rundown appearance thing. Some of the worst looking properties have pie-in-the-sky assessed values.

Personally I think it should be the other way around as an incentive to keep a place looking decent.
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