Star Bulletin:
Question: There is a large property in Manoa on the state's register of historic homes, but the owners pay only $494 in property taxes because the house and land are 94 percent exempt from taxes. The house is now being sold for several million dollars. Can they sell a historic home for all that money after paying so little in property taxes? Or do the owners, when they want to sell a home like this, have to remove the exemption, notify the proper authorities and pay the property taxes that would have been due from the time of the historic designation to the present?
Tuesday, August 21, 2007
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