Before and After Bathroom Remodel - Bathroom of the Week
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small bathroom remodel...before and after pics
Comments (9)thank you!! We were able to add ventilation; it's a little hard to see but there is a fan/light on the ceiling next tothe tub. My daughter showered in it last night and the vent worked well! Just need to get some decorations in there now....See MoreBefore & After My Old World Master Bathroom Remodel PICS
Comments (2)Very nice! Caey...See MoreBefore/After pictures of our remodeled bathroom.
Comments (11)Very nice, mh26! Though you know you shouldn't play with electric tools in the bathtub, right? LOL The before pictures remind me so much of the house I grew up in, except our tiny, tiny bathroom had blue tile with maroon trim. :) Donna...See MoreBefore & After $17k Full Master Bathroom Remodel (Modern)
Comments (97)We generally prefer historical cost basis over any time of assessment, so what you paid for an item. However, one problem with the historical cost basis for ad valorem taxes is it adjusts for realized gains and losses while not adjusting for holding gains and losses. This means that two identical houses would pay two different taxes based on the last time they were sold. This isn't quite fair so to remedy this, ad valorem taxes are occasionally adjusted to compensate somewhat for holding gains and losses. In other words, we don't want people who bought 3 acres next to Central Park 65 years ago, to be paying property taxes on $100,000 when an identical property next door pays taxes on $15,000,000. That is the entire purpose of adjusting property values. Improvements aren't simply holding gains, it is putting money into the structure so that it is nicer. If you want to fairly tax improvements you would need a tax on the increased value less a tax credit the amount paid over the marginal assessment value. So, the premise that you have some moral obligation to pay marginally higher taxes because you spent $50,000 for a nicer kitchen that adds only $20,000 to the property value, is one I find questionable. In other words, if you paid more for the remodel than it added in property value you should get a tax credit against the increase. However, that is far too complicated and thus taxing jurisdictions who are acting efficiently and attempting to be fair, avoid increasing valuation for improvements and replacements, but do increase valuation for additions. Now this is completely different than rules that allow select groups to avoid assessment for holding gains and losses....See More- last year
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