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Originally Posted by LivingAlmostLarge
Brokemofo, where we live it's based on finished and it needs a closet to be a bedroom. And there are rules about counting finished basements. Our neighbors have wayyy more space than their assessed 2200 sq ft because of a finished basement. Why it doesn't count i have no idea.
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Yeah, I'm not sure why it doesn't count either. Maybe there is an appraiser on this forum who will chime in. In my state, appraisers will not count "below grade" square footage even if it is completed in the same manner as the ground floor.