HNN: Property taxes to increase by an average of 5.9%

KITV: City tax assessments rise, Waianae coast sees double digits

KHON: Real property assessments on the rise, city to send out notices 

Officials say the total assessed valuation of all taxable real property on Oahu has increased from $227.87 billion to $241.36 billion, an overall increase of 5.9 percent.

Among residential properties, the biggest jump was in Leeward Oahu, where the assessed value of homes increased 12.6 percent, followed by the North Shore at 9.7 percent, and Kaaawa to Kahuku at 9.5 percent.

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City sending 2017 real property assessments

News Release from City and County of Honolulu, December 14, 2016

Honolulu – The city’s Real Property Assessment Division under the Department of Budget and Fiscal Services has prepared the 2017 real property assessment notices applicable to the 2017-2018 fiscal year. Tomorrow, the city will send approximately 300,000 notices via the United States Postal Service. For those who have subscribed to electronic delivery by way of email, they will immediately receive their assessment notice tomorrow morning.

The total assessed valuation of all taxable real property on O‘ahu has increased from $227.87 billion to $241.36 billion, an overall increase of 5.9 percent. New developments, including residential subdivisions, condominiums, commercial and industrial projects, and construction of new buildings and improvements to existing parcels and increases in the values of properties, were contributing factors for the overall increase (see attached map). 2017 Property Tax Map

The overall gross valuations of residential properties increased from $183.36 billion to $192.86 billion, or 5.2 percent. Hotel and resort class increased 15.9 percent, commercial property values increased 7.1 percent, and industrial property values increased 5.6 percent. These changes represent islandwide totals which may differ from neighborhood to neighborhood and may not reflect the value change of an individual property.

The assessment notice is not a tax bill, but a statement of what the city has determined to be the property’s assessed value, tax classification, granted exemption amount, net taxable value, and any applicable special assessment. The 2017 assessed valuations were set as of October 1, 2016, and are based on sales of similar properties through June 30, 2016.

The net taxable value is one of the two components used to calculate the real property taxes for the city’s upcoming fiscal year, July 1, 2017 to June 30, 2018. The other component is the tax rate. The tax rates will be set by the City Council during June 2017, as they finalize the budget. The real property tax bill of an individual property is determined by multiplying the net taxable value by the appropriate tax rate.

The Department of Budget and Fiscal Services has set up an “Appeal Hotline” during the period of December 15, 2016 through January 13, 2017, between the business hours of 7:45 a.m. and 4:30 p.m. The public may call (808) 768-7000 with any question they may have or if they feel there is a discrepancy in their property description and/or value. Questions and inquiries may also be submitted via email to bfsrpmailbox@honolulu.gov.

Owners who wish to dispute their real property assessment may file an appeal during the period of December 15, 2016 to January 15, 2017. To obtain an appeal form, visit www.realpropertyhonolulu.com. Website visitors may also file an online appeal to the Board of Review by clicking the “File An Appeal” icon.

In an effort to expedite the appeal process and to minimize your wait time for a Board of Review hearing date, the Department of Budget and Fiscal Services is requesting appellants to submit their evidence and supporting documentation with their appeal or shortly thereafter. If submitting supporting documents separately from the appeal form, please include your name, Parcel ID (Tax Map Key), year of the appeal, contact information such as phone number, mailing address, or email address, and submit to either office noted below.

For additional real property tax information, visit www.realpropertyhonolulu.com.. This mobile device friendly website offers online services that reduce paper and streamline operations while providing more efficient service to the public. There are website links to current individual property records and historical real property data. Property owners may also register to receive their real property assessment notices via email, pay property taxes electronically, file a home exemption claim, and file an appeal to the Board of Review. Property owners who reside in their property are encouraged to file a home exemption claim, if they have not already done so.

Property owners who have not received their 2017 Assessment Notice by December 31, 2016, are advised to contact the Real Property Assessment Division at either of the locations listed below:

Real Property Assessment Division

842 Bethel Street, Basement, Honolulu, HI 96813

Phone: (808) 768-3799

Real Property Assessment Division

1000 Uluohia Street, #216, Kapolei, HI 96707

Phone: (808) 768-3799

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