Today I was reviewing the multiple listings for North Kona and I noticed something.
Billy Kenoi and our County Council just voted to increase property taxes on agricultural land.
When we bought our home in 1988 our home was zoned unplanned. A few years ago the County decided to change a lot of property designations to AGI (Agricultural).
Here are a few subdivisions that are zoned A5/A. Does that mean all of the Agi zonings will be subject to Billy’s Tax Increase?
Kona Coastview, Kaloko, Wonderview (7,500 sq. ft lots), Palisades (10,000 sq ft lots), Kona Highlands (8,000 to 10,00 sq ft lots), Kona Acres, Kona Hills Estates…
Kona Heavens, Keopu Heights……………..
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I just got off the phone with Hawaii Property Tax Department and here are a few good things to know.
1. If your property is assessed at any of these rates, then here are your taxes.
$0 to $25,000 $25.00 a year
$25,001-$50,000 $50.00 a year
$50,001-$75,000 $75.00 a year
Above $75,000 is at the assessed rate.
2. If your property has a homeowners exemption
of owner occupied plus 20% of assessed value plus $40,000
For Disabled Vets $100.00
Culilani land descendent Hawaiians only $100.00
Additional exemption for 60 years up $40,000
*****NOTE*****
To get a homeowners exemption you have until June 30th
for the next payment or December 30th for 2011 Property Tax Bill.
http://www.hawaiipropertytax.com/ for more information.
People may not know their property is Agi and if they don’t have any exemptions then their taxes will be going UP UP and Away!!!!
You can call me and I can check your property's exemptions on MLS. Be happy to!
Aloha, Susan 325-7576
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