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MAR-13-1998 12:39 LEAGUE OF MN CITIES P.18i22 Your Home St . (,,,,, �0� ,7$7 C_ http://www.stlpark.k 12.mn.us/city/homes/homes.html#selling tax exemption applies only to major improvements: adding a family room or bathroom, building a gara remodeling a kitchen, etc. The tax exe 'on does not apply to replacing existing fixtures, decorating,or maintaining Dine or I For a e, the following work does not qualify for a tax exemption: installin ew carpet, reroofi ng,putting up w siding, adding insulation,replacing a furnace, etc. The amount of the exemptio epends on the age of your home and the City sessor's appraisal of the value added to the home--not h much you spent on remodeling. Home etween 35 and 70 years old, receive a 50 percent exemption of increased market value(up to$ ,000). Homes older than 70 years, receive a 100 percent exemptio n the increased market v e(up to$50,000). To.qualify for the exemption, you must: Own and live in the house Have obtained building permits for all work d e Have remodeled a home that,prior to rem Have remodeled a home that is 35 or a years old valued at less than$150,000 Have completed and filed an appy on with the City A essor's office. For more information or a pro tax exemption form,call the 'ty Assessor's office at 924-2535. Roomers and Boarders In in e-family homes in residential areas,the resident family may take 'n up to two bo ders if the roo ers live in the common household with the family and use common cooking and kitch facilities. r more information, call 924-2592. Selling your Rome In order to maintain the structural integrity of our neighborhoods and improve safety,all one and two family homes must be inspected before sale or rental. Inspectors check the roof,foundation,exterior, electrical system,plumbing and beating/cooling system for compliance with the city's housing code. Homes must be inspected before a purchase agreement can be signed. This ensures that both sellers and buyers have sufficient information about the property's condition and needed rep presented and accepted. airs before an offer is To schedule an inspection, either the homeowner or the owner's agent must come to city hall and pay the application fee. At that time, the owner or agent is given a list of licensed private housing inspectors. The homeowner then hires an inspector from this list to conduct the initial code compliance inspection, If the private housing inspector finds no housing code violations,the owner is given a certificate of compliance and a partial refund of the city's application fee. If the inspector finds code violations, work orders are issued for the needed repairs.After the corrections are completed, the city housing inspector returns to the home for a follow-up uspection to verify all repairs meet city code. Then a Certificate of Housing Maintenance Compliance is issued. Sellers must obtain a certificate of compliance before the sale, transfer of title, or change of occupancy, Buyers or renters may not take occupancy before the certificate of compliance is issued.