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General Findings <br />1Zs measured by effective property tax rates <br />(property taxes as a percentage of market <br />values), property taxes are comparatively low in <br />Hawaii County — a feature that leads to <br />taxpayer acceptance <br />o Effective rates vary considerably <br />• There are several causes including the combination of <br />differing tax rates (based on property type) and <br />overlapping value constraints (i.e., the homeowner's <br />exemption coupled with value increase caps, etc.) <br />• The variations lead to different treatment of similarly <br />situated properties and to perceptions of unfairness <br />aierai Findings <br />g <br />(continued) <br />o Hawaii County's property tax system contains <br />many other elements that contribute to fairness <br />and taxpayer acceptance: <br />• Annual, current market value appraisal <br />• Measures and procedures to provide for exemptions, <br />appeals, and collection of taxes <br />• Minimum tax means that all taxpayers share in <br />funding government <br />• Quality control procedures such as ratio studies to <br />measure appraisal level and uniformity <br />• Conveyance tax and sale price disclosure <br />