12-02-2014, 06:07 PM
When I moved to Big Island and received my first real estate tax bill, the assessment was 35% higher than the purchase price. I called the tax office and asked what they based the assessment on. I was told, the value of the property. I asked, isn't the value what someone is willing to pay for it?
"Not necessarily" was the reply. There are other factors taken into consideration.
"Not necessarily" was the reply. There are other factors taken into consideration.
"I'm at that stage in life where I stay out of discussions. Even if you say 1+1=5, you're right - have fun." - Keanu Reeves