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+--- Thread: Property tax change process (/showthread.php?tid=4631)
Property tax change process - csgray - 12-13-2008
If someone living on island buys a house which was previously sold at a much higher price and which has off island sellers, how does the process work to change the taxes to owner occupant, and is there a process to appeal the valuation? We are talking about a $150,000 difference in selling prices and taxes of over $200 a month.
Mahalo for any insight.
Carol
RE: Property tax change process - dcl - 12-13-2008
I think it needs to be changed by the end of December, for more info check out:
http://www.hawaiipropertytax.com/
This is for the Big Island.
RE: Property tax change process - Sean - 12-13-2008
The brochure for an appeal is:
http://www.hawaiipropertytax.com/pdffiles/ASSESSMENT%20APPEALS%20Brochure.pdf
and I'm real interested to see how if works out for my wife and I. The property has an assessed value higher than what we paid, but I'm real interested to see if they list the sales price as the new value. Since the market is still falling I think that the sales price is probably higher than what it should be assessed at. That being said, I'm not going to complain a whole lot one way or the other. I know that some won't agree, but I feel we need better roads and to fund fire, police, etc.
Cheers,
Sean
RE: Property tax change process - John S. Rabi - 12-14-2008
It doesn't matter how much you pay, the assessed value will not change with close of escrow. The COH supposedly reassessing every property every year. Every property owner get a new assessment notice in February. You can appeal the assessment until April.
You need to file the owner occupant notice before the end of December to be effective from the following August.
Aloha,
John S. Rabi, GM,ARB,BFT,CM,CBR,FHS,PB,RB
808.989.1314
http://www.JohnRabi.com
Typically Tropical Properties
"The Next Level of Service!"
RE: Property tax change process - Hotzcatz - 12-14-2008
Aloha Carol,
Go to the tax office on Aupuni street and ask for the Homeowner's Exemption form. Fill it out and hand it in and your taxes will go down next year.
If you want to find out how they assess your taxes, you can also ask them and they will give you a sheet which gives you all the details. It has nothing to do with how much the property sold for.
A hui hou
Kurt Wilson