I was told by a property appraiser here in Florida that if I put an in
ground pool, and it cost me $80,000.00 to put it in, it would NOT increase
my property value.
It would take six or seven years for my house value go from say $250,000.00
to $275,000.00.

He said I would NEVER see the $80,000.00 expense reflected in my house
value.

I would call the IRS, and get some dollar info from them. They will tell
you, or tell you the form you would need.

How much are you talking for the three story lift?
Is it outside, bolted on, or inside the dwelling?
Inside the dwelling can get very pricy...


"Jane" wrote in message
oups.com...
On Jul 2, 1:21 pm, Jane wrote:
I own a three level townhouse. I am having a stair lift installed
because I can not use the stairs without pain.

Will the stair lift increase the assessed value of my condo?

thanks

Sorry, I should have mentioned that I'm not concerned about my
assessment going up for taxes. I know that won't happen because we
are never visited by the town assessor. They simply assess all condos
of this style and size at the same amount.

I want to know if I can deduct the entire cost of the lift as a
medical deduction. According to the IRS I can if it does not increase
the assessed value of my home. I really don't want to pay $300 for an
assessment since that sort of defeats the purpose of the deduction.

While it is custom made for the stairs here, chances are I would sell
it or take it with me since much of it is reusable. For example the
chairs are $600 each. The motor and battery are also standard.