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Old 09-29-2018, 06:37 PM   #95
Descant
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Default Improvements?

Quote:
Originally Posted by FlyingScot View Post
Yes, that's exactly my point. If the owner has "over-improved" the property to the point where it is not marketable, or additional improvements are not longer increasing market value, isn't that his fault? Shouldn't he still pay taxes on the improvements?
"Improvements" are only improvements if somebody wants to buy them. (Willing buyer, willing seller) No market, no value, no tax. If I put on an addition, and nobody wants to buy my indoor movie theater, it still has added value in the square footage because it can be used for other purposes.
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