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Property Taxes are different for each County in Hawaii. There are also Homeowner Exemptions.
REAL PROPERTY TAX RATES
FOR THE CITY AND COUNTY OF HONOLULU
FISCAL YEAR JULY 1, 2024 TO JUNE 30, 2025
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Tax Rate Per $1,000
Net Taxable Real Property Value
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Class (A)
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Residential (Properties with Home Exemption. Must be Primary Residence)
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$ 3.50
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Class (B)
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Hotel and resort
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$13.90
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Class (C)
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Commercial
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$12.40
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Class (D)
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Industrial
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$12.40
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Class (E)
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Agricultural
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$ 5.70
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Class (F)
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Preservation
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$ 5.70
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Class (G)
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Public service
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$ 0.00
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Class (H)
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Vacant agricultural
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$ 8.50
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Class (I)
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Residential A (Properties without a Home Exemption)
Tier 1:
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$ 4.00
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Tier 2:
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$11.40
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Class (J)
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Bed and Breakfast
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$6.50
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Class (A) Residential with a Home Exemption.
Taxes are calculated by deducting the Home Exemption amount from the Assessed Value first and then dividing the balance of the Assessed Value by $1,000. Multiply the balance by the appropriate tax rate above. For Example:
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Assessed Value:
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$1,000,000
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Home Exemption:
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($100,000)
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Balance:
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$900,000
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Divide by $1,000 - Balance
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$900.00
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Residential Class A:
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x $3.50
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Tax for the Year July 1 to June 30:
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$3,150
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The deadline for filing for a Home Exemption is September 30th.
Class (I) Residential Properties without a Home Exemption. Second homes and rentals or primary residences where an owner failed to file for a Home Exemption are assigned to the following two tiers based on the valuation of the property:
(1) Residential A Tier 1 tax rate: applied to the net taxable valuation of the property up to $1,000,000; and
(2) Residential A Tier 2 tax rate: applied to the net taxable valuation of the property in excess of $1,000,000.
Taxes are calculated by taking the first $1,000,000 of the Assessed Value and divide it by $1,000. Then multiply that by the first tier rate. Take the balance of the Assessed Value and divide it by $1,000 and multiple that by the second tier rate. Add the two calculations together. For Example:
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Assessed Value
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$2,500,000
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First $1,000,000 of the Assessed Value
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$1,000,000
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Divide by $1,000
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$1,000
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Tier 1 Rate
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x 4.00
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Total Tier 1
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$4,000
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Balance of Assess Value
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$1,500,000
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Divide by $1,000
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$1,500
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Tier 2 Rate
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11.40
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Total Tier 2
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$17,100
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Total Taxes for July 1 to June 30
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$21,100
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