Resources: Hawaii Property Tax Rates Study - in-depth analysis of property taxes in the State of Hawaii, broken down by County, how categories are assessed, etc. Consult an attorney or tax professional for advice on a specific situation.įor more information regarding property taxes across the State of Hawaii and how that may affect your real estate purchase, contact our team today. For current rates, please visit Maui County Property Tax This article is for information purposes only. View 2066 homes for sale in Hawaii Kai Marina, take real estate virtual tours & browse MLS listings in Honolulu, HI at ®. * Feb 20: Second half year tax payments due. * Aug 20: First half year tax payments due. * June 20: Tax rate set by County Council. * Apr 9: Deadline for filing tax appeals. * Jan 1: Assessments set for next tax year. * Dec 31: Deadline for filing exemption claims and ownership documents. * Tax year begins July 1 and extends to the following June 30. As an example, on Maui for an owner-occupied property assessed at $1M (which falls in Tier 2), the annual tax is $2,560 - making it one of the lowest tax rates in the country for homeowners.Ģ020 to 2021 Real Property Tax Rates County Rates noted are per $1K of assessed value. Appraisal Services Uyetake, Uyetake & Associates. Hawaii has one of the lowest five property taxes for homeowners in the US - ask us about current property tax rates.įor the 2020-2021 Fiscal Year, below are property Tax Rates broken down by Island and Class. Top 10 Best Property Appraiser Near Honolulu, Hawaii George K H Lau & Associates. “We evaluate them side by side and see if there’s any middle ground there or if one or the other is out of line,” Chandler said.Tax rates are always of big concern when looking for properties, understandably so, as a high rate could make a home otherwise no longer affordable. The appellant must support the value they’re seeking with comparable property sales. “We do have to take into account the appraisal method the city and county uses,” Chandler said. “It has to be off by more than 10%,” he said.Ĭhandler finds that his expertise in real estate helps guide his review. 120 Honolulu, HI 96813 Ph: (808) 587-0147 Fax: (808) 587-0136 Email: email protected Offices are closed for all State holidays. “They have to come with a physical number” that they want their property value set at, Chandler said. Our user-friendly document search and order site for copies of any documents recorded with the Bureau of Conveyances since January 1992, for a fee. If it moves forward, it gets a date to go before a board, and the board members receive the documents and then hear from both the If there is a discrepancy, the owner might not make it to a review. The process starts with the property owner submitting their appeal well in advance with supporting documents. “I don’t even have a meeting until March,” said Patrick Chandler, a Realtor with Corcoran Pacific Properties who sits on the first Board of Review. If an appeal succeeds or is compromised, the person who filed the appeal recoups the cost.Īppeals are heard by one of three Real Property Tax Assessment Boards of Review, appointees to which are unpaid volunteers. “So the Department of Budget and Fiscal Services does not wait for an exact figure before moving forward with the budget.”įiling an appeal requires a $50 deposit, so about $100,000 will hit the city’s general fund to cover postage and administrative costs for the Department of Budget and Fiscal Services, Scheuring said. “The budget process moves forward based on revenue projections,” Scheuring said. Scheuring said that according to the Real Property Assessment Division, appellants win “roughly 30% of the time.”Įxactly when those appeals will conclude remains unclear. The figure, finalized after the mid-January deadline, marks an 18% increase from the year before, according to city spokesperson Ian Scheuring. Hawaii Property Search Honolulu Board Of REALTORS for sale Home For Sale Property Search To begin your real estate property. Property owners filed about 2,000 appeals disputing their new assessment valuations the City and County issued in December.
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