Property Taxes in Hawaii: The Basics
If you’ve just begun planning a permanent move to Hawaii or will be buying your first home or condo here soon, you probably have questions about property taxes and regulations in your county.
Similar to property taxes for mainland states, Hawaii’s real property tax is due each year. Your annual taxes will be based on your property’s 100% fair market value. Every year, your property will be reassessed, using the newest market data.
Basic tax rates and exemptions vary by county here in Hawaii. Click below to access each county’s official site.
• Honolulu
• Hawaii (Big Island)
• Maui
• Kauai
When you apply, you’re required to prove permanent residence in your county. This may include proof that you:
• Live in the property a minimum number of days each year.
• Aren’t already receiving a tax exemption for another property.
• File income tax returns as a resident of the State of Hawaii.
Individuals with disabilities or over a certain age (60 or 70) may be eligible for a higher home exemption amount.
More information about each county’s home exemption guidelines is available at their official sites (see links above).
https://liveonthebigisland.com/buying-a-home-on-the-big-island/your-guide-to-property-taxes-in-hawaii/
Similar to property taxes for mainland states, Hawaii’s real property tax is due each year. Your annual taxes will be based on your property’s 100% fair market value. Every year, your property will be reassessed, using the newest market data.
Basic tax rates and exemptions vary by county here in Hawaii. Click below to access each county’s official site.
• Honolulu
• Hawaii (Big Island)
• Maui
• Kauai
Home Exemptions
If your Hawaiian property is your primary address, you can apply for a property tax exemption. Mainland homeowners may know these as “homestead exemptions.”When you apply, you’re required to prove permanent residence in your county. This may include proof that you:
• Live in the property a minimum number of days each year.
• Aren’t already receiving a tax exemption for another property.
• File income tax returns as a resident of the State of Hawaii.
Individuals with disabilities or over a certain age (60 or 70) may be eligible for a higher home exemption amount.
More information about each county’s home exemption guidelines is available at their official sites (see links above).
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