In an article published by the Pacific Business News, the assessed value for properties on Oahu went up 1% overall in 2012. Commercial real estate alone saw a 4.4% increase according to the City and County of Honolulu.
The total gross valuation of all the taxable property on Oahu went up to $180.15 billion in 2012 from $178.26 billion from the year before.
This will likely have an effect on what homeowners pay for property tax. For the full story, click "Here".
Kengo Ueno (R)
Follow me on twitter @HawaiisRealtor
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