Posted by Geo-TH,In on December 15, 2018 at 07:04:10 from (50.102.27.37):
1%, 2%, 3% of assessed value.
I'm still researching building a man cave. Yesterday I went to court house annex and talked to area planning, county building inspector and county assessor .
The taxes on my house and up to one acre is 1% of assessed value. The assessed value is determined by a formula, age, type of construction and location.
I have a 3/4 acre empty lot adjacent to my house up north. It's taxed at 2% of assessed value. To build a garage on that lot I had to add it to my house property which was built on a 1/2 acre lot. So a half acre will be only taxes at 1%, good news. The 1/4 acre of lot is called, overage acreage. It will be taxed at old rate 2%.
Now for the bad news. I have a 2 car attached garage and a detached garage on my 1/2 acre lot which is taxed at 1%. If I build another detached garage it will be taxed at 3%. The taxes on a 1600 square foot stick built garage will be $1000 a year. If I build a post beam garage taxes will be $700. A post garage is a pole barn with overhead doors. Assessor said post beam garage is cheaper than a pole barn with sliding doors.
After talking to assessor, I've decided to built a post beam garage.
BTW, if you buy a property, your assessed value is the price you paid for property.
All commercial property is 3%. If you own a second property, 2%. I was told if your land is growing corps, taxes are less? Not sure how it's assessed or tax rate.
A guy buys a large building in county at the south edge of city. It was a furniture store. He had many hoops to jump through to build an indoor shooting range and sell guns. This year his property taxes on just the land increased 10 times, from $100k to $1 Million. OUCH! 3% commercial property. Need to sell a lot of guns to pay those taxes.
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