DEADLINE FOR TAX CREDIT/HOME EXEMPTIONS
CITY & COUNTY OF HONOLULU
The filing deadline for the real property county tax credit and home exemptions for Tax Year 2008-2009 is October 1, 2007. The county tax credit and home exemptions provide real property tax relief for those homeowners who meet certain criteria.
County Tax Credit
The county tax credit can reduce the real property tax for a homeowner and is based on the combined income of all titleholders, which cannot exceed $50,000. The county tax credit must be applied for annually and the tax credit is equal to the amount of the real property tax that exceeds a percentage of the combined titleholders income as shown below.
COUNTY TAX CREDIT FOR TAX YEAR 2008-2009
Age Requirement Income And Other Filing Filing
Tax Credit Amount Requirements Requirements Requirements Form
Tax that exceeds 4% Age 74 or under Combined income
of the titleholders as of June 30, 2008. of all titleholders
income cannot exceed
$50,000.
You have You must file T-RPT100
qualified annually to
for a home receive the
exemption. tax credit
Tax that exceeds 3% The titleholders
of the titleholders cannot own other
income real property
anywhere.
Age 75 and over None of the
as of June 30, titleholders have
2008. violated ROH
Section 8-13.5.
To apply or for questions and assistance regarding the county tax credit, please contact:
CURRENT COLLECTIONS SECTION
Department of Budget and Fiscal Services
Division of Treasury
530 South King Street, Room 115
Honolulu, HI 96813
Telephone: (808) 523-4856
Applications and instructions are available at the Division of Treasury, all satellite city halls, and on-line at http://www.honolulu.gov/budget/treasury_division.htm.
Home Exemption And In Lieu Of Home Exemption
The home exemption and in lieu of home exemption can also reduce the real property tax for homeowners and requires that the property is their principal home. The exemption amount is deducted from the property value before the calculation of the real property tax.
If you apply and qualify for the home exemption, it will continue annually unless there is a change in the status such as ownership, occupation or use of the property. If you received the $80,000 home exemption amount for Tax Year 2007-2008, your date of birth is on file at the Real Property Assessment Division and you will be age 65 as of June 30, 2008, you do not have to re-file and will automatically receive the $120,000 home exemption for Tax Year 2008-2009.
HOME EXEMPTION FOR TAX YEAR 2008-2009
Age Income Filing
Exemption Amount Category Requirement Filing Requirements Form
80,000 Age 64 or None Once the exemption is
under as of granted, you do not
June 30, have to re-file unless
2008. there is a change in
the status that affects BFS-RP-P-3
the exemption.
120,000 Age 65 or
over as of
June30, 2008.
None
For the in lieu of home exemption, you must have applied and qualified for the home exemption. There is also an income requirement based on the total household income. Once this exemption is granted, it will continue annually until you reach the end of an age category, then you must re-file for the next age category.
IN LIEU OF HOME EXEMPTION FOR TAX YEAR 2008-2009
Exemption Age Income Filing
Amount Category Requirement Filing Requirements Form $140,000 Age 75 to 79 Qualifies as Once the exemption is granted
as of June 30, Low-Income and there is no change in the
2008. Household status that affects the
exemption, it will continue
annually until you reach age
79, then you must re-file for BFS-RP-P-4
the next age category.
$160,000 Age 80 to 84 Qualifies as Once the exemption is granted
as of June 30, Low-Income and there is no change in the
2008. Household status that affects the exemption,
it will continue annually until \u0010
you reach age 84, then you
must re-file for the next age
category.
$180,000 Age 85 to 89 Qualifies as Once the exemption is granted
as of June 30, Low-Income and there is no change in the
2008. Household status that affects the exemption,
it will continue annually until you
reach age 89, then you must
re-file for the next age category.
$200,000 Age 90 or over Qualifies as Once the exemption is granted
as of June 30, Low-Income and there is no change in the
2008. Household status that affects the exemption,
it will continue annually.
To apply or if you have questions and assistance regarding the home exemption and in lieu of home exemption, please contact:
Real Property Assessment Division
842 Bethel Street, Basement
Honolulu, HI 96813
Telephone: (808) 527- 5511, 527-5539
OR
Real Property Assessment Division
1000 Uluohia Street, #206
Kapolei, HI 96707
Telephone: (808) 768-3169
Applications and instructions are available at the Real Property Assessment Division, all satellite city halls, and on-line at www.honolulu.gov/rpa.
