Understanding Oahu Tax Map Key
Introduction
If you own a property in Oahu or are planning to buy one, you might have come across the term “Oahu Tax Map Key.” It is a unique identifier assigned to each property on the island, and it is crucial when it comes to taxes and ownership. In this article, we will delve deeper into what Oahu Tax Map Key is and its significance.
What is Oahu Tax Map Key?
Oahu Tax Map Key, also known as TMK, is a 14-digit number assigned to each property on the island of Oahu. It is used by the government to identify properties for taxation purposes. The TMK number consists of three parts: the first three digits represent the tax map, the next two digits represent the tax map key, and the last nine digits represent the parcel number.
Why is it important?
Knowing your property’s TMK number is essential as it is used to determine the tax assessment of your property. Property taxes are calculated based on the assessed value of your property, which is determined by the County of Honolulu’s Real Property Assessment Division using various factors such as location, size, and condition. Your property’s TMK number is used to identify it in the assessment records and is necessary when paying property taxes.
How to find your property’s TMK number?
Your property’s TMK number can be found on various documents such as your property deed, tax bill, or assessment notice. You can also search for it online on the County of Honolulu’s Real Property Assessment Division website using your property’s address.
Personal Experience
I recently purchased a property in Oahu and was confused about the TMK number. I did some research online and found out that it is a crucial identifier when it comes to property taxes. Knowing my property’s TMK number has helped me understand my tax assessment better and ensure that I pay the correct amount.
FAQs
What happens if I don’t know my property’s TMK number?
If you don’t know your property’s TMK number, you can find it online on the County of Honolulu’s Real Property Assessment Division website or contact them for assistance.
Can two properties have the same TMK number?
No, each property on Oahu has a unique TMK number assigned to it.
How often can the TMK number change?
The TMK number for a property typically remains the same unless there is a significant change in the property’s ownership or subdivision.
Conclusion
In conclusion, Oahu Tax Map Key is a unique identifier assigned to each property on the island of Oahu. It is used to determine the tax assessment of your property and is essential when paying property taxes. Knowing your property’s TMK number can help you understand your tax assessment better and ensure that you pay the correct amount.