Real Property Taxes – Honolulu, Oahu – Tax Calendar

Honolulu Real Property Tax

We have arrived in November, an extremely busy time for the City and County of Honolulu Real Property Assessment Division.  October 1 is the “date of valuation” for the 2013-2014 tax year, and the County assessors are now busy preparing property values that will be mailed out to taxpayers on December 15…just in time for Christmas!

Taxpayers and property owners on Oahu should be aware of the following real property taxation dates:

September 1 Deadline for filing dedication petitions (Forms available)
September 30 Deadline for filing exemption claims (Forms available)
September 30 Deadline for filing tax credit applications (Treasury Division)
October 1 Date of Valuation
October 31 Deadline for dedication approval/disapproval
November 1 Deadline for reporting changes affecting exemptions (Form available)
December 15 Assessment notices mailed
January 15 Deadline for filing appeals (Forms available)
February 1 Certified assessment roll sent to City Council
June 15 Tax rates set by City Council
June 30 End of tax year
July 1 Beginning of tax year
July 20 First-half year bills mailed
August 20 First-half year payments due
January 20 Second-half year bills mailed
February 20 Second-half year payments due

For property owners considering an appeal of their assessments, the two most important dates are December 15 and January 15.  If you are going to appeal, you have to do it in that 30-day window.

If you decide you want to appeal your assessment, the chart above has links to the forms you’ll need.  If you’re having trouble, send me an email and I’ll get you pointed in the right direction.

General information about your Oahu property, including its assessed value and other tax data can be found at this website: http://www.honolulupropertytax.com

Questions or comments?  Please leave them in the comment box below, I would be happy to clarify and/or expand.

Aloha, Chris

Please read my disclaimer.

Definitions

appeal
In property taxation disputes, the legal process by which an owner may challenge either an ad valorem taxation assessment or a special assessment.

assessment
1. The official valuation of property for ad valorem taxation.
2. A single charge levied against a parcel of real estate to defray the cost of a public improvement that presumably will benefit only the properties it serves, e.g., assessment for the installation of sidewalks, curbs, or sewer and water lines. 
3. A determination of the amount paid by or to the owners of real estate to defray the cost of a public improvement that is presumed to benefit the properties it serves in an amount at least equal to the cost of the improvement, e.g., assessment of benefits and/or damages for public sewer or water lines. 

assessment date (date of valuation)
The status date for tax purposes. Appraised values reflect the status of the property and any partially completed construction as of this date

assessor
1. The head of an assessment agency; sometimes used collectively to refer to all administrators of the assessment function. (IAAO)
2. One who discovers, lists, and values real property for ad valorem taxation.

property tax

Any tax that is imposed on persons on account of their ownership or possession of property and is measured by the number of units, the value, or some presumptive evidence of number of units or value, of such property. Note: This tax is generally, but not necessarily, intended to be a direct, proportional ad valorem tax.

tax exemption

Total exemption or freedom from tax; granted to educational, charitable, religious, and other nonprofit organizations. Partial exemptions from ad valorem tax are granted to homesteads in some states.

tax rate
The factor used to calculate the total tax for a property, typically expressed in dollars per $100 or $1,000 (mills) of assessed value. The tax rate can be calculated by dividing the total amount of the taxes for a community by the total assessed value of all properties in the community.

Source for all definitions: Appraisal Institute, The Dictionary of Real Estate Appraisal, 5th ed. (Chicago: Appraisal Institute, 2010).

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