If you call the Property Appraisers Office, they’ll explain it better than I ever could. It’s not intuitive (to me at least), but there’s definitely a methodical process.
One takeaway for me is that so much hinges on the home’s purchase price. It’s to one’s advantage to buy a home and have your own improvements done as opposed to paying top dollar for move in ready. You’ll pay for those already done improvements over and over again in taxes. My experience/opinion. YMMV.
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