Real Property Tax Credit For Homeowners

by Fusao Nishibun, Tax Relief Supervisor, City and County of Honolulu Property Tax Office

The City and County of Honolulu offers a real property tax credit to property owners who meet certain eligibility requirements. If you qualify, you are entitled to a tax credit equal to the amount of taxes owed for the current tax year that exceed 3 percent of the titleholders’ combined gross income.

What are the eligibility requirements?

  • Homeowner must have a home exemption in
    effect at the time of application and for the subsequent tax year.
  • Any of the titleholders do not own any other property anywhere.
  • The combined income of all titleholders does not exceed $60,000.

How do I apply for the tax credit program?

Applications are available at the following locations beginning July 1, 2017, up to the deadline date of Oct. 2, 2017. And, importantly, you must file annually for this credit.

  • All Satellite City Hall locations
  • Treasury Division at 530 S. King St., Honolulu
  • Tax Relief Section at 715 S. Kings St., Honolulu
  • Online at www.honolulupropertytax.com

When will the tax credit be applied to my real property taxes?

If approved, the tax credit will be applied to the July 1, 2018, to June 30, 2019, tax year.

TAX RELIEF OFFICE

808-768-3205  |  www.honolulupropertytax.com

*Information subject to change without notice.For more information or assistance, contact the Real Property Tax Relief Office.

 

Comments

One response to “Real Property Tax Credit For Homeowners”

  1. John Leilohani Avatar
    John Leilohani

    Beware don’t miss the deadline! The mayors and the property tax departments system is to increase the budget by tricking and then trapping people into higher tax classes. It already happened to hundreds of owners of condos in mixed use buildings. See this report on Hawaii News Now about an owner who even had to sell her property. See
    http://www.hawaiinewsnow.com/story/33821924/condo-owner-says-shes-forced-to-sell-after-property-taxes-soar
    And this year they even changed the system so that all the condo owners in those building have to dedicate their use of the property for 5 years. Not even a sale will change the status. Do you see the pattern ?!

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