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Old 06-25-2009, 01:56 PM
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Default Need info. Realtors and property appraisers

I am looking at a hous that has this information "TAX ROLLS DO NOT REFLECT ACTUAL SQ. FT. P/APPRAISER: 3,127 UNDER AC, 3482 ADJ SF, 3928 TOT. SF

I think I know what this means but not too sure. Can someone explain what this means.

Thanks
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Old 06-25-2009, 03:08 PM
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Means that the County in which the property is located does not have records that reflect the actual sq ft of the property; further meaning that the County Tax records are incorrect; further meaning that prior period tax may be due if the County records are short to actual.

This normally happens when someone has added onto a house without securing permits or it could be a simple error.
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Old 06-26-2009, 08:32 AM
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Quote:
Originally Posted by priobe View Post
I am looking at a hous that has this information "TAX ROLLS DO NOT REFLECT ACTUAL SQ. FT. P/APPRAISER: 3,127 UNDER AC, 3482 ADJ SF, 3928 TOT. SF

I think I know what this means but not too sure. Can someone explain what this means.

Thanks


This means the tax rolls do not have (know) the correct square footage A/C (air-conditioned space)

Per the appraiser it is listed as having 3,127 under A/C (air conditioned space)

The adjusted square footage is 3,482.
This means the A/C footage has been increased due to a previous error in recording, or the property has been added onto, or some attic space may have been taken into the A/C footage. It could be due to a host of reasons, but the taxing authority has made a correction to the records on this property.

3,928 TOT SF
This means the property is listed as having 3,928 square foot total. For example this would include any NON air conditioned space in the property. One example would be the garage and or covered porches and or patios.


NOTE:
If you decide to purchase the home you will get an appraisal. Check the appraisal against these records. if they are the same, do nothing.

However, if they (A/C Footage) are different from what the property is being taxed on take the appraisal to the city tax office and dispute the square footage of the property.

REMEMBER:
If the appraisal is HIGHER appraised value than what is listed on the tax rolls as a estimated value they WILL raise the estimated value to meet the outside appraisal. (the one you have) SO, if the appraisal (value) is higher than the tax estimated value DO NOTHING. if you do, your taxes will go up.

If the appraised value is LOWER than what the tax rolls have then by all means show it to them. They will adjust the taxable square footage AND the adjusted taxable value of the home. Your taxes will go down.

It is a game and you MUST know the rules or you will get burnt, every time.


NOTE #2:
Be very careful when you insure the home. DO NOT simply insure it for appraised value less the lot value. In today's market, it cost more to build a home than it does to buy a pre-existing home. If you insure it for ONLY what it appraises for and the home burns to the ground, you will only get appraised value less the deductible. You CANNOT REBUILD it for the insurance proceeds.
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Old 06-26-2009, 08:40 AM
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Thanks for all the responses.

I am afraid that the home has a addition (which it does) but they never pulled permits. The owner says thatthe permits were pulled but would have should so them to me when she finds them.
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Old 06-26-2009, 12:11 PM
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You can go to the city and ask for a history or permits on that property.

It will cost you about $5.00 for the copy but you'll be surprised what you may find.
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