Home Exemption Rates for the 2021-2022 Tax Year

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Real Estate

Home exemption claims for Honolulu County real property are due on September 30, 2020 for the upcoming fiscal year, which begins on July 1, 2021.

The Basic home exemption is $100,000

Homeowners 65 years and older home exemption is $120,000

Homeowner 75 years and older and meets the definition of “low-income”*  

75 years of age or over but not 80 years of age or over $140,000
80 years of age or over but not 85 years of age or over $160,000
85 years of age or over but not 90 years of age or over $180,000
90 years of age or over $200,000

* The above exemptions shall continue for a maximum period of five years, after which the exemption amount shall revert to $140,000. (An exemption at 90 years of age shall extend for the life of the applicant or until June 30, 2039, the director shall not accept claims for exemption under this subsection after September 30, 2013.)

NOTE: If you do not currently have a homeowner's exemption on your home, you will be taxed at a higher rate (a "non owner-occupied) rate.  The homeowner's exemption not only reduces THE AMOUNT upon which you are taxed, it also reduces THE RATE by which you are taxed.

The owner-occupied Oahu property tax rate is $3.50 for every $1,000 of assessed value.  The non owner-occupied rate is $4.50 for every $1,000 of value (up to $1,000,000) and $10.50 for every $1,000 of value exceeding $1,000,000. 

EXAMPLE:   

Rates on Single Family Home valued at $1,200,000

Owner-Occupied 
$1,200,000 x .0035% = $4,200

NON Owner-Occupied
$1,000,000 x .0045% = $4,500
$200,000 x .0105% = $2,100
                     TOTAL=$6,600