DIYbanter - View Single Post

wrote:
But keep in mind, in some towns in
NJ (like mine) taxes on new construction are assesed by the TOTAL
price of the purchased home. Which means more upgrades=more taxes.
That's why we took the crappiest kitchen the builder offerend and
will redo it before moving in with an outside contractor.

You can't get away with that in most municipalities. Our town requires
permits for any repair or improvement over $500, and the county tax
assessor subsequently gets a copy and adds the value of any such
improvements to the assessed base. Doensn't matter if the property has
an occupancy permit, or not.