10-03-2008, 02:42 AM
mark, i dont believe so,other than maybe the first year. the plan, when submitted to building goes also to finance where they look at the square footage. sales prices in the area are also looked at. until your home is finialed it doesnt exist as far as tax change.. hint hint. every few years they reaccess, as they did these last couple of years as things were so volatile. first the massive jumps in real estate price, then the slowdown and price slide. the good news is, you get "locked in" as a homeowner once it is accessed. this does not mean if you buy an older home you get the previous owners rate. but i think hawaii has some of the cheapest property taxes in the nation and i have lived in several states... and of course after a certain age it is unbelievably cheap...