Property Tax Assessment

[ChunksterK]

Got the county's latest valuation of my HPP home today, and I was surprised that is had actually gone down, albeit only $200.  Everything I've read about the real estate market in the last eight months has described rapid appreciation and a sellers' market on the Big Island, including Puna.  In the past, I've thought the county's valuation to be pretty accurate.  I'm not complaining, mind you, just wondering what's up.

[HereOnThePrimalEdge]

My land value remained the same, but my house went up $17,500. 
Go figure.

[terracore]

I'm afraid to check my mail. It was going up $5k per year every year for 6 years before the mainland invasion.

[Obie]

Chunkster, which column or line are you reading ?

My market value went up $3000.00 but my taxable value dropped $140,000.00 because my homeowners exemption kicked in.

[ChunksterK]

Obie, thanks for making me take another look. Initially, I was looking at the total "market value," and it did drop $200 from last year. But what they tax on is assessed value less exemption, and the net taxable value somehow went up $4400 while the market value went down. That doesn't make sense, but it probably isn't worth appealing.