Fixing up House = Taxable Improvement???

[BennyV04988]

So I live in MAINE, where it's winter 4-5 months out of the year. We recently put up insulation board and vynil siding on our house. The other day the ****ing tax guy stops by and claims at this was a taxable improvement and needs to be reflected as such. What the **** is wrong with this country? When did "trying to stay warm and save energy" become a taxable cause? No wonder everyone's houses around here look like ****....

 

[jspot]

I think that means you can write it off on your taxes... I did new windows and insulation in my basement and I got to write it off as a home improvement.. I don't know much about taxes but I think you might have miss understood.

 

[jspot]

BTW i live in michigan

 

[hmammen]

I agree with what jspot said, hopefully its just a write off and you can get a deductible for that.

 

[BennyV04988]

Hmm... I'll have to bring that up to my dad...

 

[Kharn]

Not a US resident but I think that taxing you for fixing up your house is a little on the insane side, in the UK i have never heard of anyone paying tax for home improvement.

 

[Trotter]

Your improvements have increased the value of your home, so your property taxes will be adjusted once they file a new appraisal. It sux, but that's the way it works.

I put up a storage building out back, one of the nice ones that looks like a small barn, and my taxes went up a bit. If I have the two trees removed that I want gone, my taxes will probably go up a little more because of it.

 

[TheEnd187]

i wen't to the doctor and my brother needs to lose wight but he can't run or do exercise, so the only thing he can do is walk or w=swim, now heres te cool part the doctor told us we could use it as a tax rideoff, so if we buy a pool and send the doc's note to the irs we get 7k back, but then theres still the other 43k the pool guy said the pool would cost

 

[killians45]

Trotter his it on the head. Increase in property value increases property tax via percentage of property value. Added a garage, this increased property value and in the end the taxes. It sucks, but it helps pay the governments programs, albeit some are a little frivolous, but hey... not my decision.