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Prices listed way above assessment?

Posted by Eric H on Friday, 5 April 2019, at 6:53 a.m.
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Hi everyone, I have tried to get a realtor to return my calls and answer this, but they do not. I am looking to retire in the area, perhaps Captain Cook. When looking at on-line listings almost every property is asking much, much more than the listed assessed value. In one case the assessed price from 2016 was $445,000 and the listed price is $950,000. My question is how does this play out in real life? Assessed prices are based off other sales, so asking twice that seems like dreaming at best. When someone actually goes to purchase are they expected to make an offer way below the asking price? I guess I am hoping for any kind of insight that anyone here can offer, or perhaps details of how it worked for people you know who did purchase. Thanks!


Responses:

   Δ Assessed Value
    Lynn K -- Friday, 5 April 2019, at 8:11 a.m.
   Δ Various "values"
    Rich E2 -- Friday, 5 April 2019, at 8:53 a.m.
   Δ Hawaii County Property Taxes Explained
    Harry Pritikin -- Friday, 5 April 2019, at 9:43 a.m.
   Δ Info & links; why taxes vary so greatly
    Harry Pritikin -- Wednesday, 10 April 2019, at 7:58 a.m.

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