Honolulu Real Property Tax

Taxes Due August 20 and February 20

Tax Year begins July 1

New Residential A tax rate:

In 2014, the County of Honolulu created a Residential A tax.  This is $6 per thousand of the assessed value of a home over $1,000,000 where the homeowner cannot or has not claimed a homeowner’s exemption.  This higher tax applies to the following:

  (i) “Residential A” shall mean a parcel, or portion thereof, which:

         (1) Is improved with no more than two single family dwelling units, and

              (A) Has an assessed value of $1,000,000 or more;

              (B) Does not have a home exemption; and

              (C) Is zoned R-3.5, R-5, R-7.5, R-10 or R-20 or is dedicated for residential use;

          (2) Is vacant land zoned R-3.5, R-5, R-7.5, R-10 or R-20 and has an assessed value of $1,000,000 or more; or

          (3) Is a condominium unit with an assessed valuation $1,000,000 or more and does not have a home exemption.

Residential A excludes any parcel, or portion thereof, improved with military housing located on or outside of a military base.

Exemptions, including Homeowner Exemptions must be filed by September 30 to take affect by July

Homeowner Exemption is $80,000

65 and over Exemption is $120,000 (only 1 owner has to be over 65)

There is another Exemption for low income and 75 and over

Also a low income exemption for families making less than $50,000 per year

 

Maui Real Property Tax

Taxes Due August 20 and February 20

Tax Year begins July 1

Exemptions must be filed by December 31 to take affect July

Homeowner Exemption is $300,000

 

Note: For Homeowner Exemptions:

For purposes of this section, "real property owned and occupied only as a principal home" means occupancy of a home in the County with the intent to reside in the County. Intent to reside in the County may be evidenced by, but not limited to, the following:

1. Occupancy of a home in the County for more than two hundred seventy calendar days of a calendar year;

2. Registering to vote in the County;

3. Being stationed in the County under military orders of the United States;

4. Filing of an income tax return as a resident of the State of Hawaii with a reported address in the County; or

5. A mailing address consistent with the subject property.