In general, I find the entire property tax and assessmenets very interesting. Looking at a lot of these places, often i see assessments for things that I make me really scratch my head.
I will agree with folks though that I don’t envy folks living in Santa Luis with those Property tax + MR. It is very steep there…Nice homes in that area though, so I understand why some folks like it there.
[quote=briansd1][quote=Jazzman]I’m paying 0.12% this year in Maui. Lowest in the US I believe. Maui competes with many of the tax havens around the world for those living off investments.[/quote]
What’s the median price of a house in Maui? I’ve never been there so I’m kinda curious about this piece of paradise.[/quote]
Homes: June of 2012 at a median price of $575,500. By comparison, the June 2011 numbers were at a median of $429,000, a 34% increase.
Condos: 121 June of 2012 with a median price of $373,990. The June 2011 numbers were at a median of $294,500. That translates to a 27% increase.
Highly suspect increases! May be when Larry Ellison bought Lanai, it skewed the numbers 🙂
You need to take things with a big pinch of Pacific sea salt. There’s a naive roguishness about RE here, which can work in your favor. We hammered a lender and secured a big discount. Properties sit for months. So it’s a wait, needle and pounce game.
Oahu is just plain daft, but there is some justification for high prices in Hawaii, since it is very beautiful and very remote.
Big Island is probably still hurting the most if you don’t mind Vog.
