Home |
Search |
Today's Posts |
|
#1
|
|||
|
|||
year built error?
In article 1098032702.MbSX2C5bl3+wVaTrIMsVMQ@teranews,
wrote: I'm in the process of buying a house but contingent on inspection so I still have an easy out. Looking at the county assessor's tax records for this house I see that they say it is 10 years older than the seller claims. Hmmmmm Building Quality is Poor as well .. Building Type: House Building Style: 1 sty Building Quality:Low Building Condition:Fair Foundation:Concrete Block Exterior: Siding/Stucco (Lap) Roof Cover:Compositon An old trick is to take the cover off the toilet tank; most have the date of manufacture stamped or engraved on the inside. A house built in 1985 shouldn't have a toilet manufactured in 1974. John |
#2
|
|||
|
|||
"John?]* ************************************************** *************" wrote in message .net...
In article 1098032702.MbSX2C5bl3+wVaTrIMsVMQ@teranews, wrote: I'm in the process of buying a house but contingent on inspection so I still have an easy out. Looking at the county assessor's tax records for this house I see that they say it is 10 years older than the seller claims. Hmmmmm Building Quality is Poor as well .. Building Type: House Building Style: 1 sty Building Quality:Low Building Condition:Fair Foundation:Concrete Block Exterior: Siding/Stucco (Lap) Roof Cover:Compositon Perhaps the house was renovated or rebuilt on the same lot 10 years after the original house was built? Maybe the original house was destroyed by a fire 10 years in? I've noticed that tax assessor records aren't always up to date. There are several houses on my block that have been reno'ed, attics finished, and had additions built on years ago, but the tax assesor database still lists the data for the pre-reno'd structure. If this is the case, it is something to consider because it's likely if you go through with the sale, the tax assessor will finally come out and re-assess your taxes, which is what happened to us. We bought a renovated condo in what was previously listed as a multifamily, poor condition, two finished floors, two total bathrooms, four total bedrooms. The reassessment was based on condo, above average condition, four finished floors, six bathrooms, eight bedrooms. Big difference! jen |
#4
|
|||
|
|||
On Mon, 18 Oct 2004 12:31:39 GMT, someone wrote:
The tax records should be regarded as conclusive. I'm quite sure that the county cannot collect tax on a house that doesn't exist. ??? What is on a record card TODAY is conclusive of nothing. It doesn't tell you what they collected tax on back in 1935. If the Sq ft was wrong to, would you say that the assessor's card makes the house a different size because they can't collect tax on sf that is not there???? Does the age listing even purport to be the actual age, or is it the effective age (for valuation purposes)? A finally, WHAT DIFFERENCE DOES IT MAKE - on a house that is either 59 or 69 years old, poor quality, fair condition - isn't present condition what controls? Would he offer to pay more if it was 5 years newer but everything the same? Actually, because of the years involved, there are ways for a knowledgeable person to venture a good estimate - consruction customs "before the war" and "after the war" were different. But still, SO WHAT - was he ever really buying it based on its year built? -v. |
#5
|
|||
|
|||
"John?] " wrote in message .net...
In article 1098032702.MbSX2C5bl3+wVaTrIMsVMQ@teranews, wrote: I'm in the process of buying a house but contingent on inspection so I still have an easy out. Looking at the county assessor's tax records for this house I see that they say it is 10 years older than the seller claims. Hmmmmm Building Quality is Poor as well .. Building Type: House Building Style: 1 sty Building Quality:Low Building Condition:Fair Foundation:Concrete Block Exterior: Siding/Stucco (Lap) Roof Cover:Compositon An old trick is to take the cover off the toilet tank; most have the date of manufacture stamped or engraved on the inside. A house built in 1985 shouldn't have a toilet manufactured in 1974. John The toilet "trick" is not a very reliable one as the older the home the greater chance of a replaced toilet. However, it's still a possible tool. How did you ever get this far on the purchase when the quality is so bad in your observation? I guess anything goes at the right price. |
#6
|
|||
|
|||
In article 1098032702.MbSX2C5bl3+wVaTrIMsVMQ@teranews,
says... I'm in the process of buying a house but contingent on inspection so I still have an easy out. Looking at the county assessor's tax records for this house I see that they say it is 10 years older than the seller claims. Hmmmmm Don't be sure that the assessor is right. I look at assessors records a lot when gathering data to insure houses, and it's not unusual for the assessor to be wrong, especially on pre-WWII homes. The 1935 house may have burned to the ground and been rebuilt in 1945 and the assessor simply missed it. The assessor says my house was built in 1908, but it's in photos from 1901 with the same windows it has now, so I'm pretty sure the assessor is wrong the other direction in our case. Personally, I'd think that once a house is past 30 or 40 years old, the current condition is far more important than the precise year of construction. -- is Joshua Putnam http://www.phred.org/~josh/ Books for Bicycle Mechanics and Tinkerers: http://www.phred.org/~josh/bike/bikebooks.html |
#7
|
|||
|
|||
A house built in 1985 shouldn't have a toilet manufactured in 1974.
Unless, the toilet needed to be replaced when low-flow toilets were the only type available, and the owners scrounged up an older model instead. Wasn't there quite a black market in older toilets soon after the low-flow laws passed? |
Reply |
Thread Tools | Search this Thread |
Display Modes | |
|
|
Similar Threads | ||||
Thread | Forum | |||
Property taxes and Homestead Exemption in Texas -- Second year OUCH! | Home Ownership | |||
10 years ARM mortgage rate higher then 30 year fixed? | Home Ownership |