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Posted by Rick Blaine on February 27, 2007, 11:50 pm
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>But if you have the same amount of space on the same floor, the difference
>is???? A square foot is a square foot.
No it isn't. A 2000 sq ft house with a slab is considered the same as a 2000 sq
ft house on a basement for tax and MLS purposes. In new construction, basements
are not typically billed at the same rate as above grade construction.
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Posted by Rick Blaine on February 28, 2007, 12:04 am
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>No it isn't. A 2000 sq ft house with a slab is considered the same as a 2000 sq
>ft house on a basement for tax and MLS purposes. In new construction, basements
>are not typically billed at the same rate as above grade construction.
Typo. Make that "A 2000 sq ft home with a basement is NOT considered the same as
a 2000 sq ft home on a slab..."
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Posted by <josh on February 28, 2007, 12:26 am
says...
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>
> >But if you have the same amount of space on the same floor, the difference
> >is???? A square foot is a square foot.
>
> No it isn't. A 2000 sq ft house with a slab is considered the same as a 2000 sq
> ft house on a basement for tax and MLS purposes.
This varies by jurisdiction -- some tax assessments do include the
basement in calculating value, often distinguishing finished and
unfinished basement square footage as well.
The taxable value of a 2000 square foot home with 2000 square feet of
basement (4000 square feet of total living space) will be higher than a
2000 square foot on a slab or crawlspace in many jurisdictions.
--
josh@phred.org is Joshua Putnam
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<http://www.phred.org/~josh/>
Braze your own bicycle frames. See
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<http://www.phred.org/~josh/build/build.html>
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Posted by Edwin Pawlowski on February 28, 2007, 2:42 pm
>>But if you have the same amount of space on the same floor, the difference
>>is???? A square foot is a square foot.
> No it isn't. A 2000 sq ft house with a slab is considered the same as a
> 2000 sq
> ft house on a basement for tax and MLS purposes. In new construction,
> basements
> are not typically billed at the same rate as above grade construction.
Forget billing and MLS. I'm talking real space to be used, no matter what
you call it. or how you count it Taxes are based on value. You can have a
2000 square foot house worth a million bucks or a dump of a house that is
twice that size. None of that means anything in the usability of slab
versus basement. What does matter is real area that can be used.
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Posted by Tony on March 2, 2007, 12:58 am
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>MANY people finish most of the basement for added living area.....
>But if you have the same amount of space on the same floor, the difference
>is???? A square foot is a square foot.
I have a 1000sq/ft ranch with a full finished basement. So, in actuality, I have
2000sq/ft of living
space. When the house is sold, it can only be listed as 1000sq/ft. So, I am
being taxed for
1000sq/ft.
Tony
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>is???? A square foot is a square foot.