07-14-2009, 03:14 PM
Bob,
There was no increase, but there is a conflict with regard to recent sales data and from sales last year (this is applicable) that reflect only 66% the 2009 assessed value. So we're probably looking at a rate applied to assessed values for our type of property though they are exclusive $ amounts to the development. The sales data for 2007 was responsible for the current assessment and it’s obvious they didn't bother applying the 2008 data when they drafted the proposed assessments.
E ho'a'o no i pau kuhihewa.
There was no increase, but there is a conflict with regard to recent sales data and from sales last year (this is applicable) that reflect only 66% the 2009 assessed value. So we're probably looking at a rate applied to assessed values for our type of property though they are exclusive $ amounts to the development. The sales data for 2007 was responsible for the current assessment and it’s obvious they didn't bother applying the 2008 data when they drafted the proposed assessments.
E ho'a'o no i pau kuhihewa.