In Hawaii, there are several property tax exemptions and credits available to qualifying individuals and properties. The eligibility criteria can vary, and it's essential to check with the Hawaii Department of Taxation or local county tax offices for the most up-to-date information. Here are some common categories of individuals or properties that may qualify for property tax exemptions in Hawaii:
Home Exemption:The Hawaii Home Exemption provides a reduction in property taxes for owner-occupied residential properties. To qualify, the property must be the homeowner's primary residence, and the homeowner must meet certain residency requirements.
Senior Citizens Exemption:Hawaii offers a property tax exemption for senior citizens. To qualify, the property owner must be 60 years of age or older, and the property must be the homeowner's primary residence. Certain income limitations may apply.
Disabled Individuals Exemption:Disabled individuals may qualify for a property tax exemption in Hawaii. The exemption is available to individuals with a disability, and certain income limitations may apply.
Historic Home Exemption:The Historic Home Exemption provides a property tax exemption for historic homes. To qualify, the property must be listed on the Hawaii Register of Historic Places or the National Register of Historic Places.
Circuit Breaker Tax Credit:The Circuit Breaker Tax Credit is designed to assist low to moderate-income homeowners. Eligible homeowners may receive a tax credit if their property taxes exceed a certain percentage of their income.
Totally Disabled Veterans Exemption:Disabled veterans may qualify for a property tax exemption in Hawaii. To be eligible, the veteran must have a total and permanent service-connected disability. The exemption may apply to the veteran's primary residence.
Surviving Spouse of a Totally Disabled Veteran Exemption:The surviving spouse of a totally disabled veteran may also qualify for a property tax exemption in Hawaii.
Agricultural Use Exemption:Agricultural properties in Hawaii may qualify for an agricultural use exemption. This exemption is intended to support and promote agricultural activities on qualifying properties.
Conservation Use Exemption:Properties used for conservation purposes may qualify for a property tax exemption. The conservation use exemption is designed to encourage the preservation of natural resources.
It's important to note that the availability of exemptions, the specific eligibility criteria, and the application process can vary by county in Hawaii. Homeowners should contact their local county tax office or the Hawaii Department of Taxation for detailed information regarding property tax exemptions and credits in their specific area.
Always check with local authorities or a tax professional for the most accurate and up-to-date information regarding property tax exemptions in Hawaii.
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