hmmm

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hmmm (lemmy.world)

submitted 5 days ago by The_Picard_Maneuver to c/hmmm

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[–] exothermic 7 points 5 days ago (2 children)

I’ve heard that leaving one wall up like this classifies a construction project as a renovation. I’m guessing this was done because it was cheaper or it’s in a historic district? Idk

[–] [email protected] 4 points 5 days ago (1 children)

If that's renovation anything can be called renovation.

[–] [email protected] 4 points 5 days ago

in old towns, unless the construction method itself has historical importance, they just keep the facade and build behind.

[–] CoCo_Goldstein 3 points 5 days ago

I've heard the same. If a property is 'renovated', it retains the same value, tax wise, no matter how much larger the renovated building is.

Not sure how this plays out with a formerly tax exempt property like a church once it get converted into a non-tax exempt property such as a residential apartment building.