The Details

Just as a home improvement won't drastically increase the sales price of your house, it won't drive up your property taxes, either. "If you put $15,000 or $25,000 into a $200,000 house right now, it's probably still a $200,000 house," says San Antonio tax attorney Stanley Blend, who chairs the American Bar Association's section on taxation. Since property tax assessments are based on what a willing buyer would pay a willing seller in the current marketplace, there's a good chance that your home improvement will have little or no effect on your assessment, at least until the market picks up again.
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