For a new homeowner who is looking forward to building a home on Maui, a homeowner site assessment from the County must be performed. This may take place before the building process is even considered for new construction. What Is An Assessment? An assessment is the monetary value of the property. This value is used to calculate the real property taxes for the property itself. Homeowner site assessment allows the County and the homeowner understand this value and plan for property taxes in their budget. Assessments are done annually, utilizing comparable sales recorded through June 30th prior to the date of assessment. The values represent 100% of the full and unencumbered market value of the property The assessor uses mass appraisal methods and standards to calculate market value. … [Read more...] about What is a Homeowner Site Assessment?