What if my house was still under construction on January 1, 2024?

What if my house was still under construction on January 1, 2024?

Property is appraised based on whatever improvements are present on January 1 of a given year. If your home was under construction on January 1, it will be given an adjusted value based on how much of the work was completed. This value is based on an estimate of what the home may be worth when finished. This method also applies to new additions to existing buildings, as well as outbuildings and detached structures. Improvements begun after January 1, 2024 will be valued using the same Schedule of Values applied to property built prior to that date.