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I was curious, in Hillsborough or Pasco counties (if it even matters), is garage space calculated into home value for property tax purposes?
For example, a buyer is considering a home with an attached garage. One home is 2500 square feet with a 500 square foot garage. ie 2000+500=2500.
Same buyer is considering a 3000 square foot home with a 1000 square foot garage.
In both scenarios, the actual living space is 2000 square feet. But one has a 1000 sq ft attached garage and the other has a 500 sq ft attached garage. How would that impact property taxes?
your Realtor should be able to help, or even better the tax office in your county.
Where I live - NC - there's different value assigned for living space vs other space. I haven't specifically checked, but I'd assume the county values garages by # of cars vs a pure square footage measurement. I'd have to compare 2 houses with different size garages.
I'd be surprised if there were any place in the U.S. where the assessor didn't base the assessment on the value of the entire property. How the value may be apportioned is really immaterial.
In your example, each house would be considered 2,000 feet. One would have a 2-2 1/2 car attached garage, the other an attached 4-5 car. The assessments should be different based on the garage size.
In your example, each house would be considered 2,000 feet. One would have a 2-2 1/2 car attached garage, the other an attached 4-5 car. The assessments should be different based on the garage size.
The assessments should be different based upon the value of each property. We have no idea whether one is in a better neighborhood or a variety of other factors.
The assessments should be different based upon the value of each property. We have no idea whether one is in a better neighborhood or a variety of other factors.
I want to understand based on all other factors being equal.
I am putting a plan together to build a new home on acreage I just purchased. I would really love to have an extreme garage, but I'm curious if the garage which will not be considered living space will have a dramatic impact on property taxes.
if you spend $30K more on the super-garage, then you can easily figure worst case what your increased taxes would be. What's your tax rate? $1/$100? That would be $300/yr, max.
But I've never seen a case in NC at least where the tax value approaches the actual cost you spend to build something like that
if you spend $30K more on the super-garage, then you can easily figure worst case what your increased taxes would be. What's your tax rate? $1/$100? That would be $300/yr, max.
But I've never seen a case in NC at least where the tax value approaches the actual cost you spend to build something like that
Simple. The Assessor assigns a value per sq ft to a garage. Some garages have living space above.. naturally they would receive a higher sqft assessment.
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