You won't take a big tax hit « »

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.
Ask TOH users about Befores and Afters

Contribute to This Story Below