State
Hawaii
Year
2017
Variations in Receipt of Benefit
Benefit Varies with Income
Benefit Varies with Property Value
Minimum Tax Amount Must be Paid
Benefit Type
Circuit Breaker
Benefit
This credit is provided when property taxes exceed a certain percentage of homeowner's gross annual income. Honolulu, Kauai, and Maui counties have circuit breaker programs.
How is Benefit Disbursed
Credit to the property tax bill
Eligible Property Type
Residential
Characteristics of Eligible Property
Only homestead properties are eligible.
Eligibility Criteria
Homeowner
Income Ceiling
Principal Residence
Property Value Limit
Other Criteria
Description of Eligibility Criteria
Each county may establish its own program. In Honolulu, the maximum income is $60,000. In Kauai, the homeowner must have the Home Exemption, and income that does not exceed 50% of the Kauai median household income. In Maui, the homeowner must have been granted the homestead exemption for at least five out of the prior six years. Household income cannot exceed $100,000 and assessed value cannot exceed $550,000.
Local Option in Adoption of Program
Local government must take action to opt in
Local Option Regarding Program Features
Local option regarding program features
State Funding for Local Tax Loss
Local government covers all of its tax loss
Record ID
HI103_RR17
Footnotes
Sources
Kauai Ordinance §5A-11.4(e);
Maui ordinance 3.48.800 ~3.48.825 (in effect for 2017)
[http://www.honolulu.gov/rep/site/bfs/treasury_docs/2019_Tax_Credit_Application.pdf accessed 07/06/2018]
View Archived Source
City and County of Honolulu Department of Budget and Fiscal Services, Real Property Tax Credit for Homeowners Brochure and Instructions, (2017)
[http://www.honolulu.gov/rep/site/bfs/2017_Tax_Credit_Information_Brochure.pdf Accessed 07/06/2018]
[https://www.lincolninst.edu/sites/default/files/gwipp/upload/sources/Hawaii/2017/HI_Real_Property_Tax_Credit_for_Homeowners_City_and_County_of_Honolulu_Department_of_Budget_and_Fiscal_Services_Division_of_Treasury_Accounts_Receivable_Branch_Tax_Relief_Section_2017.pdf]
Maui County Circuit Breaker Application form Online, Real Property Assessment Division, (2017)
[https://www.mauicounty.gov/DocumentCenter/View/8169/Circuit-Breaker-Credit-Instructions--Application Accessed 07/06/2018]
[https://www.lincolninst.edu/sites/default/files/gwipp/upload/sources/Hawaii/2017/HI_Circuit_Breaker_Application_Maui_County_Real_Property_Assessment_Division_2018.pdf]
Kauai County Department of Finance "Understanding Your Real Property Taxes" rev. 2018
[https://www.kauai.gov/Portals/0/Finance_RP/TaxReliefDocs/2020%20Understanding%20RPTaxes_12_14-2018.pdf?ver=2019-04-16-090954-967 Accessed 09/26/2019]
View Archived Source