Thread Rating:
  • 0 Vote(s) - 0 Average
  • 1
  • 2
  • 3
  • 4
  • 5
Property tax exemption question
#1
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?
Reply
#2
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
Reply
#3
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!"
This is what I think of the Kona Board of Realtors: http://www.nsm88.org/aboutus.html

Reply
#4
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.
Reply


Forum Jump:


Users browsing this thread: 1 Guest(s)