HONOLULU – A recently released report estimates that 32.3 percent of Hawaii’s real property tax was paid by out-of-state owners in fiscal year 2016. ADVERTISING HONOLULU – A recently released report estimates that 32.3 percent of Hawaii’s real property tax
HONOLULU – A recently released report estimates that 32.3 percent of Hawaii’s real property tax was paid by out-of-state owners in fiscal year 2016.
The analysis is based on the real property tax records obtained from all four counties in the state. The Department of Business, Economic Development and Tourism (DBEDT) conducted the analysis at the request of the Hawaii State Legislature.
“The report provides detailed information about property ownership and the contributions of real property tax by type of property and by residency of owners,” said DBEDT Director Luis P. Salaveria.
Among it’s findings, the analysis, called “An Analysis of Real Property Tax in Hawaii,” showed:
· Hawaii is one of 14 states in the United States where property taxes are not levied at the state level, but at county level only.
· Nearly one-third (32.3 percent) of the property taxes were contributed by property owners residing out-of-state.
· Growth of Hawaii’s real property tax base (valuations) has been following economic conditions; the growth of the property tax base slowed when unemployment rates were high and vice versa.
