Adding Improvements
Whenever improvements are added to a parcel, additional property taxes will follow. For example, if vacant land is purchased in 2016, and a building is built (improvements) and completed by tax day or December 31 of 2016, then value is added to the parcel in the following year or 2017. Taxable value will increase, as well as the annual property taxes. This is a great opportunity to impact the value that will be added as improvements and manage the property taxes that will be attached.
