Home Improvements

One of the most significant causes of property tax increases, which is also among the most controllable, is a rise in the value of a property due to home improvements. Adding a home office, finished basement, or addition to your home will undoubtedly increase its value at the time of the next assessment. Since assessments determine the value of the home, and property taxes are based on this value, a higher assessment means a higher tax bill. Other improvements, including adding a garage or shed or improving fences may also result in a higher assessed value. To combat higher assessments, taxpayers can file an appeal to request a lower assessment amount.