Honolulu City Council passed the following measures related to Real Property Tax:
Real Property Tax Rate Set for 2020-2021
Honolulu City Council introduced and passed Resolution 20-64, which sets real property taxes for Fiscal budget Year 2020-2021. The real property tax rates remain the same except for a $0.50 increase from $13.40 to $13.90 for Class B – Hotel and Resort and the addition of the Bed and Breakfast home property tax class at a tax rate of $6.50. We are glad to see that there is no change in Residential or Residential A (Tier 1 & Tier 2) tax rates.
For your reference, below is the breakdown of the property tax rate for all property tax classes for fiscal year 2020-2021.
Real Property Tax Payment Installment Plan
HBR supported resolution 20-113 passed by the Honolulu City Council. The resolution allows for real property tax payments for Fiscal Year 2021 due on August 20, 2020 to be paid in four (4) monthly installments. The billing for FY 2021 will be mailed out no later than July 20, 2020 including both the normal billing statement, and four (4) coupons which the taxpayer can use to pay their taxes in monthly installments.
Taxpayers may either pay their property tax bill in full by August 20, 2020 or pay the billing in four (4) equal monthly payments on August 20, September 20, October 20, and November 18, 2020. If taxes are paid in full by November 18, 2020, the city will waive penalties and interest.
Should a taxpayer not pay the August 2020 real property tax installment in full by November 18, 2020, any accrued penalties and interest will be added to the taxpayer’s outstanding real property tax balance.
