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+--- Thread: Property Tax Assessment (/showthread.php?tid=22221)
Property Tax Assessment - ChunksterK - 03-19-2021
Got the county's latest valuation of my HPP home today, and I was surprised that is had actually gone down, albeit only $200. Everything I've read about the real estate market in the last eight months has described rapid appreciation and a sellers' market on the Big Island, including Puna. In the past, I've thought the county's valuation to be pretty accurate. I'm not complaining, mind you, just wondering what's up.
RE: Property Tax Assessment - HereOnThePrimalEdge - 03-19-2021
My land value remained the same, but my house went up $17,500.
Go figure.
RE: Property Tax Assessment - terracore - 03-19-2021
I'm afraid to check my mail. It was going up $5k per year every year for 6 years before the mainland invasion.
RE: Property Tax Assessment - Obie - 03-19-2021
Chunkster, which column or line are you reading ?
My market value went up $3000.00 but my taxable value dropped $140,000.00 because my homeowners exemption kicked in.
RE: Property Tax Assessment - ChunksterK - 03-19-2021
Obie, thanks for making me take another look. Initially, I was looking at the total "market value," and it did drop $200 from last year. But what they tax on is assessed value less exemption, and the net taxable value somehow went up $4400 while the market value went down. That doesn't make sense, but it probably isn't worth appealing.