Property Tax: The Non-Speculative Dedication

[John S. Rabi]

I always have been a big advocate of this little-known tax benefit. I bought a new condo at a pre-construction price of $200,000 in 2001 and since it was a new project the original tax assessement was the same as the purchase price. However, with all the tax benefits available my adjusted assessed value was only $138,000 and because of the "Dedication" it has been the same ever since! No wonder I am smiling, these units are still selling for more than twice the original price now and my neighbor is paying tax on $453,000! (I know, she is my ex-wife!) []

Aloha,
John S. Rabi ABR,CM,CRB,FHS,PB,RB
808.989.1314
http://www.JohnRabi.com
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