HBR News

Bill 8 Addresses Mixed Use Property Taxes

For years, city administration has struggled to monitor and maintain records involved in real property tax assessments for mixed-use properties. Owners of these units pay property taxes based on the higher valued commercial use of the property, as well as the residential use, which provides a lower tax rate. 

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MLS Status Changes

At the Honolulu Board of REALTORS® Broker Roundtable last April, there was a call among brokers for greater transparency and professionalism in the ways in which properties under contract are entered and displayed in HiCentral MLS. Brokers commented on the public's misunderstanding of the ACS and Pending statuses, which can lead to mistrust of REALTORS® and the industry. After reviewing myriad suggestions from brokers, your HiCentral MLS Board has approved revising the listing statuses with more consumer-friendly language, which will become effective in January 2017.

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