Smilin' Bob (tm) (wudles) wrote in cashtrated,
Smilin' Bob (tm)
wudles
cashtrated

1st Post

Welcome to cashtrated!

My first post will be about Supplemental Property Tax. Beware of what permits you file. I just got slapped with a huge supplemental property tax bill for the improvements I did after purchasing my home.

I found out that this was because of the perceived increase of value for these improvements. I have my contractor's license, so I decided to do them of all myself, and I only filed for those things that would touch on other agencies (Edison and the Gas Company.) I did not file for work on the chimney, internal wiring or storm drains -- thank God.

Because I upgraded my electrical service from 100A to 200A (at a net cost to me of approx $800) and brought a gas line in from the street (my cost about $8000); the county has decided that I improved my house by $48,000. This (somehow) equated into a $4700 supplemental tax bill.

Beware of what you file permits for.

I'm going to reduct my house, and you can bet I wont file for that now that I know how the city & county treat honesty.
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