What is the difference between actual and effective year built?
Sunday, July 22, 2018
The Alachua County Property Appraiser’s Office provides this definition of “actual year built”:
The year that a building on the property was originally constructed. The year 1900 is used when no year of construction is on file.
And here is their definition of “effective year built”:
Part of the cost approach used to measure depreciation, determined by the utility and condition of the building.
To translate into simple terms, while the actual year built is the original construction date, the effective year built is a subjective adjustment of the age by the property appraiser based on more recent improvements and remodeling. A home with an actual year built of 1954 and an effective year built of 1977 means that the home was significantly improved or remodeled in 1977 or that it has been upgraded to a condition similar to a home built in 1977.
If construction was started on a home in one year, but it was completed in the following year, the completion year (when the certificate of occupancy, also called a “CO,” was issued) is listed as the actual year.
Also, see our blog post What determines the year of a house?
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