Hawaii Real Estate State Practice Exam

Which source provides details on lot dimensions and assessed property values in Hawaii?

1. Bureau of Conveyances

2. Land Court

3. Real Property Tax Office

4. Multiple Listing Service

The correct answer is: Real Property Tax Office

The Real Property Tax Office is the authoritative source for details concerning lot dimensions and assessed property values in Hawaii. This office is responsible for the assessment of property taxes based on the value of real estate, which includes determining the square footage and boundaries of lots. The assessed property values not only influence tax costs for property owners but also play a crucial role in real estate transactions and general market analysis. This office maintains comprehensive records that detail the physical characteristics of properties, making it the go-to source for this specific information in the context of real estate in Hawaii. Other sources mentioned, such as the Bureau of Conveyances and Land Court, primarily deal with the recording and legal aspects of property ownership rather than the assessment details. The Multiple Listing Service provides current listings and market information but does not specifically supply official assessed property values or lot dimensions. Thus, the Real Property Tax Office stands out as the correct choice for obtaining accurate information on these property metrics.