Another very informative video, Anne, thank you. However, I'm still not clear on the staggering disparity of $900 vs $9,000 regarding those two identical condos you showed at the beginning? (The county assessed value would have to be astronomically different between those two identical, side-by-side properties for those two different property tax rates to occur I would think?)
so i live on the mainland and stay on kauai 5 months year; how to i make it look like im living there so i pay less property taxes? can i set up an llc and make the home of it in kauai? would that work?
First...legally I'm not allowed to give tax advice so check with your CPA. What I've been told is if you want your real estate taxes to reflect being a primary residence you need to file your personal taxes in the State of Hawaii and claim Hawaii as the state you live in.
So you actually don’t own your property or house estate does and that great if you miss payments they take your house for the Hells up with real estate taxes che
Great info - property taxes there are really low compared to the rest of the country - for a primary residence that is. 🤙
Mahalo, yes...real estate taxes for primary residence are very low on Kauai
Another very informative video, Anne, thank you. However, I'm still not clear on the staggering disparity of $900 vs $9,000 regarding those two identical condos you showed at the beginning? (The county assessed value would have to be astronomically different between those two identical, side-by-side properties for those two different property tax rates to occur I would think?)
Thank you Jivinjimbo, yes, it happens all of the time. It's why I specifically used those numbers.
so i live on the mainland and stay on kauai 5 months year; how to i make it look like im living there so i pay less property taxes? can i set up an llc and make the home of it in kauai? would that work?
First...legally I'm not allowed to give tax advice so check with your CPA. What I've been told is if you want your real estate taxes to reflect being a primary residence you need to file your personal taxes in the State of Hawaii and claim Hawaii as the state you live in.
So you actually don’t own your property or house estate does and that great if you miss payments they take your house for the Hells up with real estate taxes che