Real property classified as “Residential A” in the City and County of Honolulu is subject to the following tiered real property tax rate:
$4.50 per $1,000 (.45%) applied to the net taxable value of the property up to $1,000,000; and
$10.50 per $1,000 (1.05%) applied to the net taxable value of the property over $1,000,000
Value $1,300,000 .45% of $1,000,000 = $4,500 + 1.05% of $300,000 = $3,150 Total tax = $7,650
Residential real property falls within the Residential A classification if it is one of the following:
Improved with no more than two single family dwelling units - with an assessed value of $1,000,000 or more; - does not have a home exemption; and - is zoned R-3.5, R-5, R-7.5, R-10 or R-20 or is dedicated for residential use.
Vacant land - with an assessed value of $1,000,000 or more; and - zoned R-3.5, R-5, R-7.5, R-10 or R-20.
A condominium unit - with an assessed value of $1,000,000 or more; and - does not have a home exemption.
Claims for home exemption must be filed with the City and County Real Property Tax Office by September 30 before the tax year to which the home exemption applies. To be eligible for the exemption for the July 1, 2020 - June 30, 2021 year, a claim for home exemption must have been filed by September 30, 2019. Real property tax bills for the first half of the fiscal year July 1, 2020 - June 30, 2021 will be mailed to property owners on July 20, 2020. Payment will be due on August 20, 2020.