Island Real Estate - Property Taxes - Valuation Not Necessary

Posted on: March 19, 2008 at 9:47:14 am
Property Taxes - Valuation Not Necessary

Isn't it interesting that our City Council is now discussing tying property taxes to the CPI (full story) instead of valuations? This just happens to come at a time when real estate prices have stopped accelerating but the CPI in Honolulu is rapidly increasing.

Why wasn't this change proposed when home prices were rising and the CPI was flat?

I think this tactic is nothing short of a desperate attempt by certain members of the Council to hide a tax increase so they can continue to spend above their (our) means.

What do you think?

1 comment • Permalink • Report offensive comment

Comments:

Comment from: Kailuaguy [Visitor]

Yes - the Council is just being a bunch of chickens. Act like grown ups and cut the rate when valuations go up, and raise the rate when they go down.
The point of valuations is that it assures people living in affeluent neighborhoods pay more than those who don't. But they both should go up an down at the same rate of change....

03/20/08 @ 09:39

Comments are closed for this post.

INSERT INTO evo_hitlog( visitTime, visitURL, hit_ignore, referingURL, baseDomain, hit_blog_ID, hit_remote_addr, hit_user_agent ) VALUES( FROM_UNIXTIME(1268986934), '/realestate.php/2008/03/19/property_taxes_valuation_not_necessary', 'invalid', '', '', 34, '38.107.191.117', 'CCBot/1.0 (+http://www.commoncrawl.org/bot.html)')


	MINI SITE MAP
LOCAL NEWS :	Education \| Obituaries \| Weather \| Traffic hotspots \| Military news \| Discussion boards \| Live chat \| Columnists
SPORTS :	Surf report \| UH sports \| High school sports \| Recreation \| Sports calendar \| On the Air \| Golf report \| National sports
ISLAND LIFE :	About Men/Women \| Taste/Recipes \| Faith calendar \| Comics \| TGIF calendar \| Tube Notes \| Pet Project
ENTERTAINMENT :	TGIF weekend calendar \| 4-week guide \| Movie showtimes \| Dining \| Visitors \| National arts & leisure
BUSINESS :	Hawai'i stocks \| Hawai'i mutual funds \| Hawai'i mortgage rates \| Island bank rates \| Stock quotes \| Moneywire \| Coming events \| Trade Winds \| Local resources
OPINION :	Letters to the Editor \| Dick Adair's cartoons \| Submit a letter \| Submit a commentary
TRAVEL :	Travel almanac \| Currency rates \| Destinations \| Sunday travel ads
HELP PAGE :	Contact us \| Back issues \| Newspaper subscriptions \| How to advertise \| Frequently asked questions \| About us \| Site map \| Terms of service \| Corrections
CLASSIFIEDS :	Classified ads \| Shopping \| Coupons \| Place an ad
PARTNERS :	Jobs: Careerbuilder.com \| Cars: Cars.com \| Apartments: Apartments.com