Kauai Property Taxes – still in a bubble?

Unfortunately, the Kauai Tax Assessors office has always lagged behind the market by at least 1-2 years.  As our market was gaining in value, this was to homeowners and buyers advantage.  It seems that assessors finally caught up just as our market peaked, and started to drop.  In 2004-2005, I could ballpark the tax assessed value as approximately 1/2 to 2/3 of market value.  Now, many properties are assessed much higher than market value.  It’s a cumbersome, and difficult process here on Kauai to ask for an adjustment.  I’ve heard varying stories from consumers – and don’t have any easy answer.

Today’s Wall Street Journal has an article on this issue, and highlights how to ask for adjustments.  Read more…. 

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About Susanna "Susie" Kunkel, RA

With a belief that life is too short to not follow your dreams, Susie and her daughter became new Kauai residents in less than 4 months after visiting for the first time in 2000. She brings a wealth of information from her background in administrative, contract and paralegal work in a variety of industries including technology, investment banking, biotech and estate planning. As a Realtor, Susies's tenacious and technical approach have earned her a large group of extremely loyal clients. Susanna is a steadfast believer in "The Golden Rule", and applies it to her approach as a Realtor. "Each client and each property are unique, so it's important to me to listen intently to what my clients' goals are, and to make sure I go above and beyond to help meet them."
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