new property assessments for 2009

[John S. Rabi]

quote:

---

Originally posted by JerryCarr

My market value went down 10%, but the assessed value went up 3%. I think they can do this because there is a limit on assessed value increases year over year.

---

The 3% cap applies only to the primary residence homeowner category. Please note, if you have a property in the county affordable rental program like I do, than it's in the same category too. I did a 10-year non-speculative dedication on my primary residence in 2002, so my tax assessment is still the same $133,000 on that property every year! []

Aloha,
John S. Rabi, GM,ARB,BFT,CM,CBR,FHS,PB,RB
808.989.1314
http://www.JohnRabi.com
Typically Tropical Properties
"The Next Level of Service!"