The Oahu Property Taxes are slightly changing beginning July 1, 2019. Hotel and Resort tax rate has increased by $0.50 per $1,000 and Residential A – Tier 2 tax rate has increased by $1.50 per $1,000. Overall, Oahu property taxes are fairly low as compared to many mainland areas, and that’s a great thing!
Honolulu County – Oahu Property Tax Rates
| July 1, 2019 – June 30, 2020
(Tax Rate Per $1,000 Net Taxable Property) |
|
|---|---|
| Agricultural | $5.70 |
| Commercial | $12.40 |
| Hotel and Resort | $13.40 |
| Industrial | $12.40 |
| Preservation | $5.70 |
| Public Service | $0.00 |
| Residential | $3.50 |
| Residential A – Tier 1 (Applied to the net taxable value of the property up to $1,000,000) |
$4.50 |
| Residential A – Tier 2 (Applied to the net taxable value of the property in excess of $1,000,000) |
$10.50 |
| Vacant Agricultural | $8.50 |
“Residential A”, in a nutshell, are properties that are not owner-occupied.
- Residential lots with no more than two single-family dwelling units, that is zoned R-3.5, R-5, R-7.5, R-10 or R-20 or dedicated for residential use, and do not have a home exemption.
- Vacant land zoned R-3.5, R-5, R-7.5, R-10 or R-20
- Condominium units that do not have a home exemption.
Please contact Honolulu County for more information on real property tax payment options, and consult your accountant. The above information is for general purposes only.
Ewa Beach, Oahu.
Primary Residence Exemptions
Basic Home Exemption
$80,000 – Owners who claim the basic home exemptions qualify for an $80,000 deduction from the assessed value of the property. Homeowners are then taxed on the balance.
65 Year and Older Exemption
$120,000 – Individuals 65 years or older on or before June 30 preceding the tax year for which the exemption is claimed, qualify for the $120,000 home exemption.
For exemption information, please visit the City and County of Honolulu home exemptions section.
If you have questions about Oahu real estate, please don’t hesitate to contact us.
Brad Vilgos
December 18, 2019
Aloha Kinga,
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Happy Holiday’s,
Brad Vilgos – Hawaii VA Loans