Property Valuation
In Hawaii, the assessed value of a property used for property tax purposes is determined by:
AA. The Hawaii Real Estate Commission
BB. The county assessor's office✓ Correct
CC. The Hawaii Land Use Commission
DD. The listing broker
Explanation
Property assessment for tax purposes is conducted by the county assessor's office in each of Hawaii's four counties (Honolulu, Maui, Hawaii County, Kauai).
Related Hawaii Property Valuation Questions
- In Hawaii, what is the effect of a lava zone 1 or 2 designation on property insurance?
- The effective gross income (EGI) of a rental property is calculated as:
- In Hawaii, an appraiser determines that comparables need time adjustments because the market has been appreciating at 5% annually. A sale from 12 months ago would be adjusted by:
- Functional obsolescence as a form of depreciation might be best illustrated by:
- Which appraisal approach is most appropriate for a Hawaii church or school with no comparable sales?
- In Hawaii, what adjustments does an appraiser make when using the sales comparison approach?
- Which appraisal approach is most commonly used to value single-family residences in Hawaii?
- A Hawaii rental property has a net operating income of $60,000. If the cap rate is 5%, what is the indicated value?
Practice More Hawaii Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Hawaii Quiz →