Tax Advisory Commission Calls for Public Input as It Reviews City Real Property Tax System

1 09 2017

The 2017 Oahu Real Property Tax Advisory Commission is calling for the public’s input as it conducts a comprehensive review of the City’s real property tax system. The Commission must submit written recommendations to the City Council by December 1, 2017.

“The public’s input is critical to this process if we are to fulfill our mission,” said Commission Chair Dennis Oshiro. “I believe all property owners have a perspective on how we can improve the system and we are actively seeking their advice.

Real property taxes are the primary source of revenue for the City and County of Honolulu. The tax system features various classes of property, as well as numerous exemptions and credits, which must be reviewed periodically to ensure that the system is as equitable and efficient as possible, Oshiro added.

In 2011 the City Council created the Oahu Real Property Tax Advisory Commission to advise and assist the Council by conducting a biennial review of the City’s real property tax system. The last report from the Commission was in November 2014.

In May the Council adopted Resolution 17-112 reestablishing the Commission and requiring that it issue a new report by December 1. The 2017 Commission met for the first time in July. Its next meeting is scheduled for 10:30 a.m. on Thursday, September 14, 2017, in the City Council Committee Room on the second floor of Honolulu Hale.
The public is encouraged to submit oral and written testimony. Written testimony may be sent to Commission aide Todd Swisher via e-mail at todd.swisher@honolulu.gov.





Deadline for Real Property Programs

26 09 2014

House graphicTuesday, September 30, 2014 is the deadline for three real property programs. Persons wishing to participate should submit the required documentation prior to the deadline.

Requirements, forms, and instructions for the programs may be accessed at www.realpropertyhonolulu.com.

Real Property Tax Credit

The City & County of Honolulu offers a real property tax credit to property owners who meet certain eligibility requirements. If you qualify, the maximum real property tax owed would not exceed 3% or 4% of your income, depending on your age.

 

Claim for Home Exemption

Real property owners who occupy their residence as their principal home may file a Claim for Home Exemption for fiscal year 2015-2016, which begins on July 1, 2015, to be exempt from certain real property taxes.

 

Residential A Compromise Claims

A one-time claim for compromise for owner occupants of homes classified Residential A is also available. Owner occupants submitting a Residential A Compromise Claim must also submit a Claim for Home Exemption by the September 30, 2014 deadline.