This is just a quick reminder that Monday is the deadline to file for a home owner exemption for the 2008-2009 tax year. Home owners who use their Maui property as their primary residence may file for an exemption with the county of Maui. During the 2007-2008 tax year, eligible home owners who were approved for their exemption were able to deduct an exemption of $300,000 from their homes assessed value. The 2008-2009 tax exemption value and home owner tax rates will be determined by county council during the spring of 2008. For more information on tax exemptions, residents may call the county at 808 270-7927.
How Are Sellers Impacted by The Department of Justice and NAR Settlement?
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Last week, I blogged about the settlement between the National Association of Realtors (NAR) and the Department of Justice (DOJ) and how it impacts buyers.