03-11-2019, 09:59 AM
people would bitch if they were taxed on the real value of their property.
County's valuation of my lot is approximately equal to the fair market value and recent sales in the area. Nearby vacant lots have similar valuation.
The above-mentioned prime residential/commercial ("mixed-use") real estate is effectively getting a 90% discount on their property tax bill. Perhaps it's less than 90%, I don't know what Hilo property should be worth, but $812500/acre seems a little high.
At those prices, move the jail and backfill that 4-acre parcel with some nice mixed-use buildings...
County's valuation of my lot is approximately equal to the fair market value and recent sales in the area. Nearby vacant lots have similar valuation.
The above-mentioned prime residential/commercial ("mixed-use") real estate is effectively getting a 90% discount on their property tax bill. Perhaps it's less than 90%, I don't know what Hilo property should be worth, but $812500/acre seems a little high.
At those prices, move the jail and backfill that 4-acre parcel with some nice mixed-use buildings...