State
Hawaii
Year
2021
Does State Classify
Yes
Different Ratios
No
Different Rates
Yes
Local Option
Yes
Number of Classes
9
Property Classification
| Assessment Ratio | Description | Name | Notes | Tax Rate |
|---|---|---|---|---|
| Residential land and building | Class 1 | The first $40,000 of value is exempt for properties that are used as principal residence. For properties with a value of $2 million or more, the rate of 1.360 is applied to only the portion of the property valued at $2 million and more. | 1.110 | |
| Apartment land and building | Class 2 | 1.170 | ||
| Commercial land and building | Class 3 | 1.070 | ||
| Industrial land and building | Class 4 | 1.070 | ||
| Agricultural or Native Forest land and building | Class 5 | 0.935 | ||
| Conservation land and building | Class 6 | 1.155 | ||
| Hotel and resort land and building | Class 7 | 1.155 | ||
| Homeowner land and building | Class 9 | 0.615 | ||
| Affordable rental housing land and building | Class 0 | 0.615 |
Record ID
HI003_CL21
Footnotes
Effective beginning tax year 2020-2021 Hawaii county adopted a marginal rate for homes valued $2 million or more. The rate for the marginal value in excess of $2 million, is 1.360.
The State of Hawaii has delegated property tax authority to the counties.
Sources
Hawaii County Chapter 19 Article 6
Hawaii County Ordinance No. 20-39 (Bill 169)
Hawaii County Ordinance No. 20-39 (Bill 169)
Hawaii Constitution Art. VIII, §3
City and County of Honolulu Department of Budget and Fiscal Services, Real Property Division, Real Property Tax Rates in Hawaii for fiscal year 2020-2021
[https://www.realpropertyhonolulu.com/media/1723/ratesfy21.pdf Accessed 11/07/2022]
View Archived Source
[https://www.realpropertyhonolulu.com/media/1723/ratesfy21.pdf Accessed 11/07/2022]
View Archived Source
Hawaii County Res. 658-20