SQ. FT. LIVING AREA TAX RECORDS VS APPRAISER 0 Comments Posted

ALL INTERESTED PARTIES TO VERIFY SHARED INFORMATION;  10 reasons, public records and appraiser square feet reports may differ;

-01-,   Estimation: Assessors office may not physically measure structure; the official reported square feet report may come from estimated algorithum or arial view?

-02-,   Wrong Information: may be reported to city/county when original structure was built, possibly the builder measured incorrectly?.

-03-,   Other area's & structures may have been reported incorrectly;  i.e. Enclosed patio, Basement, Detached Studio, Porch, Garage, or other incorrectly reported as living area? ( when it should not have been).

did you know /  an area must have direct  access to main structure (dwelling) to be counted as living area) or have separate permit with signed completion.

-04-,   Changed Plans: maybe original plans were altered before final inspection and not reported before being signed off or new plan with included changes were never sent or the city or county lost reports?.

-05-,   Permitted / Not Updated: a property owner may do an addition with a permit, but the assessors office never updated the profile--human error?

-06-,   NOT PERMITTED: property owner may perform an unpermitted addition/remodel?

SHOULD AN UNPERMITTED ADD ON  BE CONSIDERED LIVING AREA?

-07-,   THE FIVE (5') FOOT RULE: Fannie May Standards for living area,  any wall portion under 5' high cannot be counted as living area.  i.e. ATTICS] & SECOND STORIES-lower areas may be considered (Bldg Area) and not-living area...Be Careful that a property's actual living area is not correctly measured,

(THIS MAY RESULT IN AN INACCURATE EVALUATION OF ACTUAL LIVING AREA)

-08-,   Ceiling Height: must be minimum of (7') seven feet high and 50% of ceiling must be 7' high.

i.e. Converted Attice; may not meet 7' high ceiling height limit, so, appraiser cannot consider as living area - can still add value but, will not be included in the living area square foot report.

-09-,   Appraiser Error: tax records may be correct, but the appraiser is wrong.

-10-,   Bad Workmanship: perhaps there is a permitted legal addition with unacceptable wormanship that is not worhty to qualify as living area?

If square feet report of living area is questionable, Obtain the service of someone who can accurately measure and report to you. Accurate information is necessary to allow for proper pricing adjustments.   

Above Information Deemed Reliable But Not Verified

 

 

View Comments | Add Comment Thursday, January 23, 2020  4:51:51 PM
CIRCUIT BREAKER; Property Tax Reduction Program in IDAHO 0 Comments Posted

The circuit breaker program is primarily for lower income older people,

Applicant must qualify by meeting one or more of the following requirements;

-01-, Age 65 or older   -02-, Widow(r)   -03-, Blind   -04-,  Child under 18-fatherless/motherless   -05-, Former prisoner of war/hostage    -06-,  Veteran with specified degree of disability   -07-,  Disabled and or other.

To file application one must complete paper work between January 01, and april 15. If eligible and approved, the tax reduction wioll appear on Decembers tax bill.

View Comments | Add Comment Wednesday, January 22, 2020  3:15:32 PM
IDAHO; Homeowner Exemption 0 Comments Posted

PROPERTY TAX REDUCTION PROGRAM IN THE STATE OF IDAHO;

The homeowner exemption requires a primary resident / owner using the dwelling exclusively for personal use, may receive a reduction to the market value of the home. The land for the home will not exceed one acre,To qualify, the owner must occupy on January 1st or before April 15 of the year and have occupied at least six months during the previous year or other requirements can and or may apply.  Also, if the property had an exemption by previous resident the new owner possibly can take advantage of that previous owner's exemption.   other terms and conditions may apply, all/any information is subject to change without notice. , 

View Comments | Add Comment Wednesday, January 22, 2020  2:39:22 PM
A successful real estate transaction 0 Comments Posted

You may not care about todays subject or views.

However, all will agree, life is subject to consistant change. If not today possibly sometime in the future either for yourself a friend, or family member you may be in a position to help, because you took time to consider the following shared information. "DISCLOSURE IS BOSS" DISCLOSE  DISCLSOSE  DISCLOSE.

People need to be in a position where they can own their decicions, especially in a real estate transaction. The principal (Buyer or Seller) needs to be educated with an understanding about real estate subject matter to a degree that a written commitment can be established and honored.

My full time real estate career as a sales person (REALTOR) began in "1994". I have learned some things about people, human behavior and expectations; Important information to know about a potential client might be, What is their intent? What are their Desires, wants, needs?  i.e.  a) Is the the person conservative, liberal, open to change?  b) caring about self,family members,loved ones and their future?  c) want to live high for the moment, max out finances?  e) Investment, propose business, park money, have a place to live?

AS A BUYER OR SELLER WOULD YOU WANT TO KNOW?   a) What you are buying or selling?.  b) Information about the property?.  c) Be in agreement about all aspects of the sale prior to selling or owning?  Absolutely, the seller will want to gain optimal value for their property and the buyer will want to obtain the very best value for their money. It is nice for all sides to express, the process was worth it and all are pleased with the outcome.

 

 

View Comments | Add Comment Thursday, January 9, 2020  5:54:02 PM
*EXPECT THE BEST* 0 Comments Posted

EXPECT THE BEST;  McCray Properties LLC strives to offer superior client service and fulfill client needs. Buying and Owning real estate is one of the most precious values of freedom in this country, Let's zero in on your wants and needs with Idaho Real Estate. 

CONTACT:  Lee McCray,  Phone: 208-500-9270  or  Email: lee@ulink.net                    

View Comments | Add Comment Wednesday, June 12, 2019  6:44:32 PM