04-11-2006, 12:49 PM
Does Hawaii have a cap on real property taxes for homeowners?
In Florida, each year, our property is reassessed and any change from the prior year's value is not to exceed the lower of 3% of the assessed value for the prior year or the percentage change in the Consumer Price Index. In no instance may any assessment exceed market value.
Just wondering if Hawaii has some sort of protection for homeowners besides the homestead exemptions.
In Florida, each year, our property is reassessed and any change from the prior year's value is not to exceed the lower of 3% of the assessed value for the prior year or the percentage change in the Consumer Price Index. In no instance may any assessment exceed market value.
Just wondering if Hawaii has some sort of protection for homeowners besides the homestead exemptions.