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Do I have to pay taxes on home improvement work done on my home, such as putting in new steps?

be7odd asked:


What are the tax rules on paying taxes for home improvement done to your home such as putting in new steps in front of your house?

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This entry was posted on Tuesday, August 19th, 2008 at 2:31 am and is filed under Other - Taxes. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

3 Responses to “Do I have to pay taxes on home improvement work done on my home, such as putting in new steps?”

  1. hillbilly_coon says:
    August 20, 2008 at 6:21 pm

    Your property tax might change.

  2. armored_dillo says:
    August 23, 2008 at 7:14 pm

    Not income tax. As stated above, when your property is reassessed, your assessment may increase, and therefore your annual property tax.

  3. rojoe_58 says:
    August 25, 2008 at 10:08 am

    only if and when you report the improvements to your tax office…here in state of Ohio they do a tax accessment every year of all properties

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