Another point; my observation over the years is that the less land somebody owns, the more apt they are to be picky about it.My point being......why would the seller have paid for a survey?
I do understand why you would.
It is in a city so yes, that is different than a 1,000 ac wooded tract. But even that would depend on how far it Is from the opposing corner. 15’ off over 200’ in the woods is one thing. Over 4,000’ its significant.Yes.....but It is not likely that a corner 15' out of wack would create that problem, unless in a city environment.
And a smaller parcel in a downtown area is sold by Sq. Feet.Another point; my observation over the years is that the less land somebody owns, the more apt they are to be picky about it.
Some of the biggest conflicts can arise over miniscule differences.
A surveyed property with well defined lines is more valuable than something which is "there."
We used to find problems just doing mortgage inspections with a cloth tape. In one case I remember a garage in a subdivision which was built off the property because they based their property on the abutters line, without realizing there was an unbuilt road between the two ownerships. In that case a look at the plat would have shown it... which is how I knew.And a smaller parcel in a downtown area is sold by Sq. Feet.
In this particular situation it also cut into my Street frontage.
Great example.We used to find problems just doing mortgage inspections with a cloth tape. In one case I remember a garage in a subdivision which was built off the property because they based their property on the abutters line, without realizing there was an unbuilt road between the two ownerships. In that case a look at the plat would have shown it... which is how I knew.
In my state, cities/towns are required to re-assess property every 10 years, so what you propose could get rather pricey. I'd imagine others do the same.I think that whenever the politicians decide they want to assess the value of property, they should be required to get an unbiased survey done. It would get these issues discovered earlier and maybe reduce the frequency of them doing backdoor tax increases.
I believe that I mentioned earlier in this thread; a contractor down in Portland Maine built a million dollar home which was 11 inches closer to the property line than zoning ordinances allowed. The error wasn't discovered until the building was complete, and the buyer applied for a mortgage to pay off the construction loan. One of the abutters wouldn't sign off on a variance so they had to move it.Great example.
I knew a real estate broker who poured a slab on a lot she didn’t own in a brand new subdivision because she wanted save the cost of a survey.
I believe that I mentioned earlier in this thread; a contractor down in Portland Maine built a million dollar home which was 11 inches closer to the property line than zoning ordinances allowed. The error wasn't discovered until the building was complete, and the buyer applied for a mortgage to pay off the construction loan. One of the abutters wouldn't sign off on a variance so they had to move it.
Nearly all houses in Maine (and the Northeast), also have basements.They had to move the house????
Holy cow.
Here they couldn’t move the house as we all have basements.
MoKelly
I don't believe that it did that time. It was new construction in a new subdivision, somebody messed up.There is a legal term, the exact name escapes me, where a mistake is so small and the consequences so large, you don’t have to correct the mistake. In the case of the house being 11 inches over a setback this might kick in. It might not also.
It isn't the corners which change, it's the accuracy. If the corner of record is a drill hole in a granite rock, that will always be the case. It's when the monumentation is poor for whatever reason, or the deed is somewhat vague or doesn't agree with what the abutter's deed describes that exact points come into question. A good surveyor is familiar with the laws for each circumstance and applies them to determine property lines. 100 years ago though when work was done with a steel tape and staff compass land wasn't as valuable, the deed might be vague. Mine describes "by the land of, by the land of, by the land of, then down the town road to the POB.In the event of a discrepancy, does the most current survey supersede any previous ones? If that’s the case, at what point does a survey marker expire? For instance, it was last surveyed 1 year ago, 5 years ago, 10 years ago, 20 years ago. I’m not trying to be sarcastic, I’m wondering if it’s impossible or extremely unlikely for modern surveys to be in-accurate because of GPS markers? Maybe the real estate agent is the right person to ask about survey info? I’m probably going to google this subject. It has me a bit confused.
In our case the fence has been there at least 40 years and the corner of the fence has been recognized as the corner of the property for that long. The discrepancy arose, evidently, out of a typog error in a deed at one time and was copied over by buyers and sellers who didnt compare what was on the ground (fence) with what was in the deed records. The previous deed records referenced the fence corner as well as at least one prior survey. Then without reference to any reason for a change the last two deeds that referenced the particular corner placed it by description at a location 15 feet from the fence corner.In the event of a discrepancy, does the most current survey supersede any previous ones? If that’s the case, at what point does a survey marker expire? For instance, it was last surveyed 1 year ago, 5 years ago, 10 years ago, 20 years ago. I’m not trying to be sarcastic, I’m wondering if it’s impossible or extremely unlikely for modern surveys to be in-accurate because of GPS markers? Maybe the real estate agent is the right person to ask about survey info? I’m probably going to google this subject. It has me a bit confused.
I think that whenever the politicians decide they want to assess the value of property, they should be required to get an unbiased survey done. It would get these issues discovered earlier and maybe reduce the frequency of them doing backdoor tax increases.
I’m confused. You seem to be using appraisal values, surveys and tax values interchangeably. They are not all the same.Remember that in the US, most of this stuff is governed by state and/or local law. What is normal in one state would never happen in others.
The valuation in Texas is every 2 years, I think. My point was that it should be accurate if the state is going to up your valuation. Of course it would be easier if they just 'fixed' the rates. Then, natural increases in value would increase revenue.
NH has both sales and income taxes. Unlike most states, both of those taxes have significant limitations.
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Which States Have the Lowest Sales Tax?
Five states in the United States including Alaska, Oregon, New Hampshire, Delaware, and Montana, do not levy a state sales tax.www.investopedia.com
Fyi, there is really no such thing as a business or corporate tax. 100% of those are passed to consumers, employees and/or owners. Corporate income is double taxed as the Corp submits funds to the government and then the stockholders pay again when they get their money out. One of the few disadvantages of incorporation versus other business types.
Good point!In our case the fence has been there at least 40 years and the corner of the fence has been recognized as the corner of the property for that long. The discrepancy arose, evidently, out of a typog error in a deed at one time and was copied over by buyers and sellers who didnt compare what was on the ground (fence) with what was in the deed records. The previous deed records referenced the fence corner as well as at least one prior survey. Then without reference to any reason for a change the last two deeds that referenced the particular corner placed it by description at a location 15 feet from the fence corner.
The owner of the property who ”gained” the 15 feet recognizes the fence as marking the corner and has agreed to convey his interest via a quit claim deed to me. Thus the fence corner is reestablished as the corner in deed records and by a survey.
I hope that clears it up for you.
I would urge caution when taking advice from a realtor, etc regarding surveying unless they are also a Registered public surveyor.