Oahu’s gross valuations of residential properties have grown about 6.1 percent
The good news for Oahu home owners is they likely will be able to get more for their houses if they were to sell them.
The bad news is they’ll likely see their property taxes go up next year.
The worst news is for residential property owners in the North Shore and Kaaawa-to-Kahuku regions, who are seeing their estimated values go up 12.1 per cent and 13.4 per cent, respectively, from this year.
Observers of the regions think values are going up because people are gobbling up houses there at exorbitant prices and converting them to vacation rentals.