How do home improvements affect my property tax assessment?
By Bob Millaway, South Jersey Community Expert & REALTOR®
Major improvements that increase your home's value, such as adding a bedroom, finishing a basement, or building a deck, typically trigger a reassessment and higher property taxes. Routine maintenance and minor cosmetic updates like painting or new flooring generally do not. Check with your local assessor's office to understand what improvements require a permit and may affect your taxes.
Why It Matters
A significant tax increase can offset the financial benefit of your improvement. Planning ahead prevents surprises on your next tax bill.
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