to 1.36%; Kauai County from 0.25% to 1.08%; Maui County from 0.19% to 1.46%; and Honolulu County from 0.35% to 1.39%. If the property is your principal residence, there is an exemption that provides a tax credit to the assessed value before the property tax rate is calculated.Read ...
Real Property Tax Exemption for Alternative Energy Improvements: Honolulu exempts residents from any increase in property taxes resulting from the installation of a solar power system. The exemption stays in effect for 25 years, which is the typical lifespan of a solar panel system. ...
Income tax cuts set to kick in.Hawaii taxpayers should have a happy New Year as the first of a series of historic tax cuts takes effect in January. Each year until 2031, the new tax plan will eliminate the lowest tax brackets, reduce the tax rates for all brackets, and increase the st...
The law provides that all property owners need to fill out an annual declaration form to tell tax authorities about whether the property was occupied. But—and this should be no surprise to most folks—not all taxpayers tell the truth on such forms. How do lawmakers expect that the City wou...
Not all property managers offer that service. Remember, it is the owner that is on the hook for the proper filing and payment of taxes. Besides your home state income tax filing, you must also file Hawaii Form N-15. All numbers from your federal tax return flow to your N-15.— You ...
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