Tag Archives: property tax

Property Tax Rates in Hawaii 2012 to 2013

The property tax rates in Honolulu County Hawaii for the year 2012 to 2013 for residential properties are $3.50 per $1,000 of assessed value.  For example, the median home price on Oahu is approximately $650,000.  Lets assume that the tax assessed value is also $650,000.  The annual tax for this example of Hawaii real estate would be $3.50 x 650 = $2,275 per year.  This breaks down to a rate of approximately $190 per month.

Taking it one step further, if you file your “Hawaii Property Tax Exemption Form” and are entitled to the $80,000 tax exemption, then using the same figure above, you would take the assessed value of $650,000 and subtract $80,000 which means your taxable value is $570,000.  At a tax rate of $3.50 per $1,000 of assessed value, this would make the annual tax $1,995 or $167 per month.

The other Hawaii county tax rates are:  $5,75 for Maui County, $5.55 for Hawaii County (the Big Island) and $3.05 for Kauai County.

I am not a tax professional or a tax attorney but I do have common sense and I know how to read and follow simple instructions such as using available information to determine examples of estimated property tax payments.

For more information on homes for sale in Hawaii or any other Hawaii real estate related questions, feel free to contact Hawaii Military Realty Inc at (808) 218-9338 or email to david@davidkucic.com.

Oahu, Hawaii Property Tax Rates 2011-2012

The residential property tax rates for Oahu, Hawaii will be increasing this new fiscal year (July 1, 2011 to June 30, 2012).  The current tax rate is $3.29 per $1,000 of the net taxable value for land and for the building.   This is only for the Residential Property Tax Rate on Oahu, Hawaii and does not include commercial, industrial, hotels, resorts and several other categories.

The new tax rate will be $3.50 per $1,000 of net taxable value.   This increase of .21 cents is nothing major.

An example of the change in tax rate for an owner occupied property on the island of Oahu, Hawaii for a home with a combined land and building value of $600,000:

Old Tax Rate of $3.29 would be $1,974 yearly property tax with zero exemptions.

New Tax Rate of $3.50 would be $2,100 yearly property tax with zero exemptions.

For more information about Hawaii Real Esatate, Hawaii Property Tax Rates and how you can save money by filiing a property tax exemption form, contact David Kucic at Hawaii Military Realty, Inc.

Year 2010 Hawaii Property Taxes for Oahu (Honolulu County)

Hawaii Property Taxes for Oahu (Honolulu County) 

Hawaii Property taxes are increasing for the island of Oahu, Hawaii.  Our previous rate was $3.29 per $1,000 of assessed value.  The new rate will be $3.42 per $1,000 of assessed value.

When you look on line at Hawaii Property For Sale, you may see something like this or similar to this:

Assd Val Land: $317,800

Tax Year: 2008


Assd Val Imprv: $382,500

Mon Taxes: $160


Assd Val Total: $700,300

Home Exemp: 0



A very simple way to figure out the taxes is to look at the “Assd Val Total”….in this case above, it is $700,300.  Drop the last two zeros and replace the comma with a decimal point so that your new number is 700.3.  Now multiply that by $3.42 which will give you an annual Oahu Property Tax of $2,395.  Divide that by 12 and you get $199.59 which would be your monthly tax payment.  Easy huh?

With the example above, you will notice that the item titled “Home Exemp” is 0.   If you are an owner occupant of your home, you should be entitled to a tax exemption of either $80,000 (up to age 65) or $120,000 (for age 65 and older).  To see eligibility requirements, check out the criteria at the Honolulu Property Tax website.  Don’t forget to file your exemption if you are eligible!  The deadline for applications is September 30th, 2009.

If you are quailed for the exemption, you can deduct the appropriate amount from the Assd Val Total. 

Let’s say you are under age 65 and are qualified for an 80k exemption.  Subtract 80k from $700,300 and you get $620,300.   Using the simple formula I described above, your multiplier is 620.3.  Multiply by $3.42 and your Oahu annual property tax would be $2,121, a savings of approximately $274 per year.

For more information on purchasing Hawaii real estate, contact David and Tonya Kucic of RE/MAX Honolulu.

Phone: (808) 218-9338

Email: david@davidkucic.com