02-26-2010, 02:24 PM
Does anyone know if a family member living permanently in a home I own here would be adequate to get me the property tax rate decrease?
Property tax exemption question
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02-26-2010, 02:24 PM
Does anyone know if a family member living permanently in a home I own here would be adequate to get me the property tax rate decrease?
02-26-2010, 02:29 PM
I believe that exemptions for home ownership, age or infirmity would all be tied to the titleholder of a property, not an occupant. I could be wrong.
Assume the best and ask questions.
Punaweb moderator
02-26-2010, 04:40 PM
No Rob, you are not wrong, that is the correct answer.
Aloha, John S. Rabi, GM,PB,ABR,CRB,CM,FHS 808.327.3185 johnrabi@johnrabi.com http://www.JohnRabi.com Typically Tropical Properties "The Next Level of Service!"
02-26-2010, 05:53 PM
Not only is it not owner-occupied by a resident, but if it's rented then it gets taxed at a higher rate, is my understanding. We all know John would have the right answer, but just want to say I looked whether having a permanently disabled family member qualifies for a disability exemption, so I just read the code. Only the person on title matters. As a matter of personal experience, when my husband and I bought our home in Hilo, at first I was the only one on title (loan related, because he owned another house for a short overlap). So we weren't eligible for his senior exemption until he had been put on title, even though we were married.
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