Land's assessed valuation increase

[Carey]

John, You are right, we just got our bill, and the assessed value is 60% of what we paid for it in Nov. 05, and our house was one of the least expensive that we had seen listed in Keaau! The building only went up 6% over last year, the land went up 63%, total taxes went up 27%. But, we have the homeowers exemption, so the final is less than the mainland owner had last year, so it is less than we budgeted. For this year, lucky us....but we will need to budget for an ever increasing tax. We also will always try to remember that it is still way less than the taxes in the Chicagoland area, where the total school burden is on the property owners. Plus, we are in Hawaii, and can wake up to glorious morning as today, with warm blue skies, Mauna Kea covered in snow (so we can look, but not shovel) and 7.2 inches of rain in our rainguage, from the last 24 hours! Paradise!
Aloha, Carey