04-05-2013, 03:36 PM
We appealed our taxes twice, we had them reduced both times because the assessments here are all over the place, before the extra discounts given for individual circumstances. You need to arm yourself with comparison values from sales of similar properties during a very specific window of time. This website lists selling prices for HPP land and homes, including the asking price, http://hawaiianparadisepark.com/ The downside is they raised the cost of appealing quite a bit, right around tripling it, making it not worth it for a lot of people.
You can also find your tmk on the county's website and then use the map to find and look up similar neighboring properties and their tax values, although with bare land they tend to just value most of the subdivision the same in any given year. I don't think lots in HPP are going up in price, I am still seeing lots sell for under $20,000. They also try to drop repossessions and short sales out of their data, claiming they are statistical outliers.
If Cunuck thinks what he saw elsewhere in the past is what is happening here, he doesn't know the local real estate market, or how our local tax guys work. I've seen Hilo houses that had recently sold for $350,000 that are assessed at $125,000 and taxed accordingly, this is for properties that get real police and fire protections and have paved and maintained roads, while HPP and Puna in general, homes and properties are taxed at the value of the recent selling prices.
Carol
You can also find your tmk on the county's website and then use the map to find and look up similar neighboring properties and their tax values, although with bare land they tend to just value most of the subdivision the same in any given year. I don't think lots in HPP are going up in price, I am still seeing lots sell for under $20,000. They also try to drop repossessions and short sales out of their data, claiming they are statistical outliers.
If Cunuck thinks what he saw elsewhere in the past is what is happening here, he doesn't know the local real estate market, or how our local tax guys work. I've seen Hilo houses that had recently sold for $350,000 that are assessed at $125,000 and taxed accordingly, this is for properties that get real police and fire protections and have paved and maintained roads, while HPP and Puna in general, homes and properties are taxed at the value of the recent selling prices.
Carol
Carol
Every time you feel yourself getting pulled into other people's nonsense, repeat these words: Not my circus, not my monkeys.
Polish Proverb
Every time you feel yourself getting pulled into other people's nonsense, repeat these words: Not my circus, not my monkeys.
Polish Proverb