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Originally Posted by momof1in150
Every town/city has their own way of assessing homes. The amount that your home is accessed for is what you pay taxes on, not the appraised amount. I am a RE agent and finished basements do count as part of the square footage. We usually break it down as a separate number but include it in the total square footage. Depending on where you live they might do it differently.
Bedrooms have to have a way to exit the home (window or door). They also have to be a minimum of 7 x 10 (HUD sets this building code and most states abide by it). They do not have to have a closet to be considered a bedroom.
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If you are a Realtor then you know that when you get a new listing, you would get the square footage from the courthouse to put on the listing. Also, that square footage is what they base the property taxes on. Also, Neither time would you or the assessor count the square footage below grade. Believe me, I'm glad it's done this way or my property taxes would go up.