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Oahu Property Tax Rates for 2018-2019

Many things are expensive in Hawaii. But did you know that Hawaii property tax rates are the lowest of all in the 50 United States? It’s true. But even our very low property tax rates do, sometimes, go up. Rates typically will adjust on July 1st of each year. The good news is that this year is NOT one of those times for Honolulu County. Oahu property tax rates for 2018-2019 will remain at the same level they were for the July 1, 2017 – June 30, 2018 time period.

Just a nice Lanikai Beach photo because photos about Oahu property taxes are boring.

The Scoop on Honolulu County – Oahu Property Tax Rates…

HONOLULU COUNTY

OAHU PROPERTY TAX RATES

July 2018-June 2019

(Amount of Tax Per $1000 of Net Taxable Value)

Agricultural $5.70
Commercial $12.40
Hotel and Resort $12.90
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)
$9.00
Vacant Agricultural $8.50

What Is Residential A?

Residential A properties are basically properties in Honolulu County that are not occupied as an owner’s primary residence. Specifically, this means:

  1. Condominium units without home exemption.
  2. Residential lots zoned R-3.5, R-5, R-7.5, R-10, R-20, with either one or two single family homes, without home exemption.
  3. Residential vacant lots zoned R-3.5, R-5, R-7.5, R-10 and R-20.

Oahu property tax rates for 2018-2019 are significantly higher for these non-owner occupied, Residential A properties.

How Oahu Property Tax Rates for RES-A Properties Work

Oahu Oliver owns a Property A on Oahu with a tax assessed value of $1,200,000, and rents Property A out to a long-term tenant. He lives in another home, Property B, on Oahu. Since he resides in another home and rents Property A, he is not eligible for a home exemption on Property A.

The Oahu property tax rate for the first $1,000,000 of net taxable value is $4.50 per $1,000, so that tax on that portion of Property A is $4,500. The Oahu property tax rate on the next $200,000 is $9.00 per $1,000, so the tax on the second portion of the value is $1,800. Total annual property tax on this Residential A property would be $6,300.

If Oahu Oliver resided in Property A (and had applied for and received his owner exemption), his total tax would be $3.50 per $1000, for a total annual property tax of $4,200.

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Terry

May 16, 2019

What are the historical tax rates for residential. Are the exemption rates
adjusted according to rate increases??

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