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Reply to "MoCo tax assessment for improvement value increases by over 50%"
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[quote=Anonymous]Ngl, construction costs have gone up by a massive %. Materials, labor, etc. Compared to 2019? Yes, it would probably cost 50% more to rebuild your house from scratch. My guess is that 3 years ago the county was being conservative due to the fallout from COVID and probably held back a bit on increasing the values. I live in DC. If I wanted to add a level to my rowhouse, it would cost a minimum of $500k these days. It’s crazy. [/quote]
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