Hawaii County Property Tax: What You Need To Know In 2023
If you own property in Hawaii County, you are likely aware that you are responsible for paying property taxes. These taxes are used to fund programs and services that benefit the county’s residents and businesses. In this article, you will learn more about property taxes in Hawaii County, including how they are calculated and how to pay them.
How are Property Taxes Calculated in Hawaii County?
In Hawaii County, property taxes are based on the assessed value of the property. The assessed value is determined by a county assessor who looks at several factors, including the age of the property, the condition of the property, and the size of the property. The assessor then multiplies the assessed value by the county’s tax rate, which is currently set at .80%. For example, if your property is assessed at $300,000, your property taxes would be $2,400 per year.
What Types of Properties are Eligible for Property Tax Exemptions?
In Hawaii County, certain types of properties may be eligible for property tax exemptions. These exemptions can drastically reduce the amount of property taxes a property owner has to pay. For example, properties owned by certain veterans and disabled persons may be exempt from property taxes. Additionally, properties owned by charitable and educational organizations may also be exempt. Furthermore, certain types of agricultural properties may also be eligible for property tax exemptions.
What if I Can’t Afford to Pay My Property Taxes?
If you are having difficulty paying your property taxes, there are several options available to you. The first option is to contact the Hawaii County Tax Office and see if you qualify for a payment plan. The tax office may also be able to provide you with a lower interest rate on your property taxes. Additionally, there are several charitable organizations in Hawaii County that provide assistance to those who are having difficulty paying their property taxes.
Can I Appeal My Property Tax Assessment?
Yes, you can appeal your property tax assessment if you believe that it is inaccurate or unjustified. To appeal your assessment, you must first contact the Hawaii County Tax Office and ask for an assessment appeal form. This form must be filled out and returned to the tax office, along with any supporting documents that you may have. The tax office will then review your appeal, and if they determine that your assessment is incorrect, they will adjust it accordingly.
What is the Deadline for Paying Property Taxes in Hawaii County?
The deadline for paying property taxes in Hawaii County is April 30th of each year. If you fail to pay your taxes by this date, you may be subject to late fees, interest charges, and other penalties. Additionally, if you are delinquent in paying your taxes for two or more years, the county may place a lien on your property.
How Can I Find Out More Information About Property Taxes in Hawaii County?
The Hawaii County Tax Office is the best source of information about property taxes in Hawaii County. The tax office can provide you with information about payment plans, exemptions, appeals, and more. Additionally, the tax office can provide you with forms and instructions for filing your property tax return. Finally, you can also find information about property taxes in Hawaii County online.
Conclusion
Property taxes are an important source of revenue for Hawaii County, and it is important that property owners understand their responsibility in paying them. In this article, we provided an overview of property taxes in Hawaii County, including how they are calculated, what types of property are eligible for exemptions, and how to appeal an assessment. Additionally, we outlined the deadline for paying property taxes, as well as where to find more information about them. We hope this article helped you understand your responsibilities as a property owner in Hawaii County.