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 etate 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 |
|
|
|
|
|
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 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 :)
George - The state claims all of the land created by the volcano anyway.
WOW...I would have thought the taxes would be a lot higher. I imagine the taxes on tourism pays for a lot of it!
William - Our other taxes are higher. They have to give us a break somewhere.
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.
Georgina - It is one of the few areas that we have reasonable taxes.
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.
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.