What is "Eff Year Built" Short For on Tax Statements? A Quick Guide

This abbreviation stands for "Effective Year Built."

The "Effective Year Built" reflects the year a building's condition is considered comparable to a new structure. Understanding this concept can aid property owners and buyers in making informed decisions about property value and assessments.

While the "Effective Year Built" may differ from the actual construction year, it carries significant implications for property taxation. It assesses the current state of a building after renovations or improvements, affecting its evaluated worth.

By grasping this information, individuals can better manage expectations regarding property appraisals and taxes.

The intricacies of property assessments can seem daunting, but understanding terms like "Eff Year Built" offers clarity. This insight is crucial for anyone involved in property ownership or real estate investment.