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Old 2009-07-03, 11:07 AM
whalethewise whalethewise is offline
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Default Finishing basement

Hello all

I am curious if finishing basement will increase your property tax? Are there ways to avois that ? Will electrician do wiring in your basement without you having permit to finish basement?

Thanks
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Old 2009-07-03, 01:33 PM
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You get a permit to finish your basement so that you know it was done properly and your insurance company will cover it if there are any problems.

If you fail to get it permitted and inspected then good luck getting your insurance company to cover anything if there is a fire, flood, or otherwise.


No properly licensed and insured electrician will do a whole basement without ESA permits. Those who do probably shouldn't be doing electrical in the first place.
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Old 2009-07-03, 03:09 PM
whalethewise whalethewise is offline
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But as soon as you get permit - information goes to Assessment department. And they will contact you about reassessment
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Old 2009-07-03, 03:32 PM
Fingers Fingers is offline
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Quote:
Originally Posted by whalethewise View Post
But as soon as you get permit - information goes to Assessment department. And they will contact you about reassessment
Yes. Your taxes might go up marginally. But the risk of not being covered by insurance in case of fire/flood/damage, and the risk of being unable to sell the house because the buyer's inspector will fail it on the spot is sufficient reason for me to seek permits.
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Old 2009-07-03, 03:52 PM
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Quote:
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But as soon as you get permit - information goes to Assessment department. And they will contact you about reassessment
I don't understand.. Why is this a problem?
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Old 2009-07-03, 03:53 PM
homie27 homie27 is offline
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cause then his house square footage is more and then he'll have to pay more property tax.

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I don't understand.. Why is this a problem?
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Old 2009-07-03, 04:19 PM
whalethewise whalethewise is offline
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cause then his house square footage is more and then he'll have to pay more property tax.
Yeah and I hate to pay them more
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Old 2009-07-03, 05:19 PM
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So you are looking for a way to illegally circumvent the system.

Good luck to you. But we won't be discussing that here.
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