Asked by Chelsea S, Ventura, CA • Wed Jul 8, 2009
The house is a split-level so is the bottom level really considered a basement? The addition was added to the top of the house; when we bought the house the tax records said:
Full Baths 2
Number of Fireplaces 1
# Basement Bedrooms/Dens 1
One of these baths was in the "basement" . We added a bath to the 3rd floor, now it should be a 3/3 minimum. But really it's a 4/3. I know I won't get 100% ROI on the addition but it should be more than 0%. I'm more concerned about the appraiser's FACTS then the appraised value they're giving me right now. My agent isn't fighting very hard for this either and thought we would consider being upside down on it, because of a discrepancy in the tax records and the appraiser's unwillingness to look at fair comps.
Also I've been led to believe there's a huge backlog for tax re-assessments, like over a year. Obviously I can't wait that long...
Thanks to everyone who has already responded.
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