Monday, July 15, 2019 / by Nicki Conway
The challenge is what is the source of the square footage measurement and how was it done?
County records use square footage to determine assessed value for property tax purposes. They are assumed to be reliable but there can be inaccuracies in their tax rolls. Another source of square footage could be from the house plans but the problem there is that the builder may have made modifications, or a subsequent owner could have made additions.
Appraisers are required to measure the home to determine square footage and they generally adhere to a standard method which leads to uniformity in the industry. The ANSI, American National Standards Institute, guidelines are considered the standard but there are no laws governing the process.
Because basements are be ...