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.

You have almost the same set up as my master bath. This is exactly what I was imagining mine would look like! It looks amazing! I am contemplating not having the bathtub, but maybe I can make it fit like you did. I also love how you added the cabinet in the toilet area too. Can you tell me what your budget was for this project? I have no idea how much something like this will cost.

I think your choice of led mirror is a very good decision! If you are renovating the second largest bathroom, it is also recommended that you use alarge-sized led mirror to make your bathroom more modern and add brilliance to your bathroom or dressing area!

Great job! All the great details added to the fabulous ceiling light & shower tiles puts it over the top! Even though the tile doesn't read light blue on my screen, which I'd like even better, what you've shown is magazine worthy! Enjoy and thanks for sharing!