Tax Map Key Oahu: A Comprehensive Guide For 2023
Tax Map Key Oahu: A Comprehensive Guide For 2023
Introduction
As a resident of Oahu, I know how important it is to have a clear understanding of the local tax system. One of the most crucial aspects of this system is the Tax Map Key (TMK) number. In this article, we’ll explore what a TMK number is, how it works, and why it’s essential to know about it.
What is a Tax Map Key (TMK)?
A TMK is a unique identifier assigned to each parcel of land on Oahu. This identifier is used by the County of Honolulu to keep track of property ownership, tax assessments, and zoning information. In other words, the TMK number is like a social security number for land.
How does it work?
Each TMK number consists of a series of digits, separated by dashes. The first set of digits represents the island, followed by the district, section, and parcel numbers. For example, a TMK number for a parcel of land in the Kahala area might look like this: 1-3-5-001-023.
Why is it essential to know about TMK?
If you own a property on Oahu, it’s crucial to know your TMK number. This number is used by the County of Honolulu to determine the assessed value of your property for tax purposes. It’s also used to determine zoning regulations and other land-use restrictions that may affect your property.
How can I find my TMK number?
You can find your TMK number on your property tax bill or by using the County of Honolulu’s online property search tool. If you’re having trouble finding your TMK number, you can always contact the Real Property Assessment Division of the Department of Budget and Fiscal Services.
How does TMK affect property ownership?
Your TMK number is linked to the legal description of your property. This means that any changes to the legal description of your property, such as a boundary adjustment or subdivision, will result in a new TMK number being assigned.
Can I transfer my TMK number?
No, TMK numbers cannot be transferred from one property to another. Each parcel of land on Oahu has a unique TMK number, and this number cannot be changed or transferred.
Conclusion
In conclusion, understanding your TMK number is essential for any property owner on Oahu. Whether you’re looking to buy or sell a property, knowing your TMK number can help you navigate the tax system, understand zoning regulations, and make informed decisions about your property. So, take the time to familiarize yourself with your TMK number and keep it handy for future reference.
Question & Answer
Q: Can two parcels of land have the same TMK number? A: No, each parcel of land on Oahu has a unique TMK number. Even parcels that are adjacent to each other or part of the same subdivision will have different TMK numbers. Q: Do I need to know my TMK number if I’m renting a property? A: While it’s not essential to know your TMK number if you’re renting a property, it’s always a good idea to have a basic understanding of the local tax system. Knowing your TMK number can also help you identify any potential zoning restrictions that may affect your rental property.