50 Percent Rule Will Take Away A Hundred

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As if victims of the recent floods need to worry about anything else.

JG Excerpt:
Those properties have “grandfather” status, and they’ll keep it—unless a home sustains damage that’s 50 percent or more of what it’s worth.
The towns and county will use these steps on a case-by-case basis to decide who can salvage their homes and who can’t.

They’re using current labor and material replacement costs of the repair and restoration against the tax assessed value of the home, not the replacement cost value. That’s real fair. Who would argue with that - right?

But you don’t have to have an act of God make you a victim of this misguided and oppressive rule, as many homes in Janesville have fallen by the wrecking ball for no reason other than the local government applying their math to your budget.

In short, the rule applies to homeowners even if they don’t request help from FEMA or are victims of the flood. But if it’s any consolation, you’ll be in plenty of company. Remember, go along to get along....even if you have to move along.