Property Tax in Hawaii

Understanding Property Tax in Honolulu County.        (The island of Oahu.)

Tax rates in Honolulu county

Residential/Apartment zoning, including condos and vacant land, is taxed at $3.50 per thousand of assessed value.

Hotel zoning, including condo hotels, is taxed at $12.90 per thousand of assessed value.


Residential Classification

Property tax rates in Honolulu are actually rather low.  Residential zoned property is taxed at $3.50 per thousand of assessed value*.  Thus a home valued at $500,000, with no exemptions, will pay 500 x 3.5 or $1,750 per year.

* Please note that assessed value is not current market value.  Although the state says they use sale prices, they seem to be about 1 to 2 years behind.


Residential “A” Classification

As of July 1, 2014, vacant lots, lots with no more than 2 homes on them and condominium units, which do not have a owner occupied exemption, are zoned residential and have a tax value of $1,000,000 or more, will be taxed at the rate of $6 per thousand of assessed value.

Example:  A property valued at $1,100,000 with an Owner Occupied Exemption, would be taxed at 1020 x 3.5 or $3,570 per year.

Without an exemption, the property would be taxed at 1100 x 6 or $6,600 per year.


Owner occupied exemptions

Owners under the age of 65 and live in their property, can claim an exemption of $80,000. Owners over 65 can claim an exemption of $120,000.

Thus a home valued at $500,000, with a $120,000 exemption would be taxed on $380,000, or 380 x 3.5 or $1,330 per year.

Exemptions must be applied for by September 30 to be effective starting the following July 1st.  Owners must live in the unit for a minimum of 270 days per year.


Special Exemptions

If you are Blind, Deaf , Totally Disabled, or have Hansen’s Disease, you may qualify for an additional $25,000 home exemption.

For more information on property tax go to: Real Property Assessment Division 

Other useful links

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Honolulu Real Estate

Housing in Hawaii

Buying in Hawaii

Selling Property in Hawaii

Foreign Ownership in Hawaii

Property Tax in Hawaii

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