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Originally Posted by memyselfI
Do you have a basement or 'family room' that is not considered 'living area above ground?'
We have a walkout basement that goes level to the backyard. On the back side it's half below ground level . That half saves us more than 15k compared to our neighbor with the same sized house.
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We got a call from them several years back informing us that our house had mistakenly been classified as a "single-family home broken up into apartments" and they cranked up the taxes pretty good. I think the classification occurred because we've got a mother-in-law apartment in the basement, and I think they might still downgrade it as a "multifamily unit" for that reason - which is of course ludicrous because the apartment generates a nice income for us every year, and would probably be worth $50,000 if we were to redeed the house and sell it.
That's my theory, anyway. I have no facts to back it up.