Property owner commits to certain conditions for a stated period of time in return for reduced taxes.
May change class or gross valuation or may be applied as an exemption to the portion that qualifies.
The Real Property Assessment Division (RPAD) provides general information regarding real property tax assessments. RPAD does not give legal or other professional advice, and persons with specific inquiries regarding ownership, real property tax law and the appraisal process are urged to consult with an attorney or appropriate professional. Mahalo.