Hawaii Randy's Real Estate Opinions: 2009 Hawaii Real Estate Tax Rates

2009 Hawaii Real Estate Tax Rates

Hawaii has some of the lowest real estate taxes in the country.

Beside being in paradise and having limited amounts of land, which put pressures on the real estate values, we do have very reasonable real estate taxes. 

The reason for this is that we do not fund our school system through real estate taxes.  Schools are funded by our state general fund.  Real estate taxes pay for county government services.

In parts of the country folks will let their land go for back taxes.  That is unheard of here.  When the economy took a big tank on the mainland, we felt it here, but nothing like some places did. 

What I tell folks is that we sell dirt.  It is some of the most expensive dirt on the planet and we are not making any more. (except on the Big Island, courtesy of the volcano).

Here are the 2009 Hawaii Real Estate Tax Rates for each county:

 

 

Honolulu County (Oahu)

*Tax Rate Per $1000 Net Taxable Property

 

1

Residential

$3.42

 

3

Commercial

$12.40

 

4

Industrial

$12.40

 

5

Agricultural

$5.70

 

6

Preservation

$5.70

 

7

Hotel and Resort

$12.40

 

9

Public Service

$0.00

 

0

Vacant Agricultural

$8.50

 

 

 

 

 

 

Maui County

Tax Rate Per $1000 Net Taxable Building

Tax Rate Per $1000 Net Taxable Land

1

Improved Residential

$4.85

$4.85

2

Apartment

$4.55

$4.55

3

Commercial

$6.25

$6.25

4

Industrial

$6.50

$6.50

5

Agricultural

$4.50

$4.50

6

Conservation

$4.75

$4.75

7

Hotel and Resort

$8.20

$8.20

8

Unimproved Residential

$5.35

$5.35

9

Home Owner

$2.00

$2.00

0

Timeshare

$14.00

$14.00

 

 

Kauai County

Tax Rate Per $1000 Net Taxable Building

Tax Rate Per $1000 Net Taxable Land

1

Single Family Residential

$4.25

$3.95

2

Apartment

$7.90

$6.90

3

Commercial

$7.90

$6.90

4

Industrial

$7.90

$6.90

5

Agricultural

$4.25

$6.90

6

Conservation

$4.25

$6.90

7

Hotel and Resort

$7.90

$6.90

8

Homestead

$3.44

$4.00

 

 

 

 

 

Hawaii County (Big Island)

Tax Rate Per $1000 Net Taxable Building

Tax Rate Per $1000 Net Taxable Land

1

Residential

$7.10

$8.10

2

Apartment

$8.10

$8.10

3

Commercial

$9.00

$9.00

4

Industrial

$9.00

$9.00

5

Agricultural or Native Forests

$6.35

$8.35

6

Conservation

$8.55

$8.55

7

Hotel and Resort

$9.00

$9.00

8

Home Owner

$5.55

$5.55

9

Affordable Rental Housing

$5.55

$5.55

 

 

 

 

  1. * Single rate for each class
  2.  Source: City and County of Honolulu June 2009
  3. This Flyer is deemed reliable but not guaranteed

DISCLAIMER: This flyer is for informational purposes and should not be relied upon for any business, legal, tax or financial decisions. Please seek professional advice when making such a decision. 

 

--------------------------------------------------------------------------------------------------------

Randy L. Prothero, REALTOR®

Broker-in-Charge, ABR, AHWD, CRB, CRS, e-PRO, GRI, MRP, SFR

eXp Realty

Team Leader - "The Prothero Group"

Randy Prothero is well established as an expert in working with military / VA clients and first time home buyers.  His home seller's (listing) campaign is one of the most aggressive marketing programs in the area.  His luxury home listings sell faster and for more money.

Based out of Mililani, Hawaii. Randy services the island of Oahu (Honolulu County) Performs mediations and ombudsman services for the Board of Realtors.  To improve overall professionalism in his area Randy also offers classes for real estate agents. 

www.HawaiiRandy.comOahu (Honolulu County) Property Search  Hawaii Military Relocations

Comment balloon 10 commentsRandy Prothero • August 01 2009 06:53PM

Comments

Randy those taxes are unbelievably low.  Over here in Connecticut our taxe go from around the low $20 to about the mid $50's.

Sounds like you guys need a few more volcanos around there to create more land :)

Posted by George Souto, Your Connecticut Mortgage Expert (George Souto NMLS #65149 FHA, CHFA, VA Mortgages) almost 9 years ago

George - The state claims all of the land created by the volcano anyway.

Posted by Randy Prothero, Hawaii REALTOR, (808) 384-5645 (eXp Realty) almost 9 years ago

WOW...I would have thought the taxes would be a lot higher.  I imagine the taxes on tourism pays for a lot of it!

Posted by William Feela, Realtor, Whispering Pines Realty 651-674-5999 No. (WHISPERING PINES REALTY) almost 9 years ago

William - Our other taxes are higher.  They have to give us a break somewhere.

Posted by Randy Prothero, Hawaii REALTOR, (808) 384-5645 (eXp Realty) almost 9 years ago

We are lucky to have such low rates, even though they have gone up in past years.  I know many buyers come here and can't believe how low the property taxes are.

Posted by Georgie Hunter R(S) 58089, Maui Real Estate sales and lifestyle info (Hawai'i Life Real Estate Brokers) almost 9 years ago

Georgina - It is one of the few areas that we have reasonable taxes.

Posted by Randy Prothero, Hawaii REALTOR, (808) 384-5645 (eXp Realty) almost 9 years ago

PLS HELP ME WITH MY MATH......I live in Los Angeles County, California **Long Beach.

When we purchase a real estate property, We pay annual RE taxes the first year based on 1.25% of the sales amount, ie:  $500,000K.  Then every year the RE taxes are ONLY allowed to go up maximum of 2%.

Does Hawaii have annual increases based on ???____what?? 

So when I casually looked at the taxes rates yesterday, I interpreted them at 3.4%, not a .0342%.

If .0342% is correct, then that is quite low for a California girl, & I feel more interested in Hawaii.

Thanks for your time. 

Posted by Jacque almost 9 years ago

Jacque - The rates are per $1000 of value.  On Oahu that is .0342% for a residential property.  That us after removing the home exemption if you live in it which lowers it even more.  Compared to California we are quite low.

Posted by Randy Prothero, Hawaii REALTOR, (808) 384-5645 (eXp Realty) almost 9 years ago

I heard that land tax valuations were frozen by the State for two years, is that true? And when does this period finish? 

Posted by David about 8 years ago

Tax valuations are done by the individual counties, not the state.  I have not heard anything about them being frozen.

Because property values have gone down, the assessments in most cases have gone down the last couple of years.

Posted by Randy Prothero, Hawaii REALTOR, (808) 384-5645 (eXp Realty) about 8 years ago

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