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Wednesday, December 13, 2023
City to send 2024 Real Property Notice of Assessments
By News Release @ 1:54 PM :: 1649 Views :: Honolulu County, Taxes

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Map showing percentage change in taxable gross valuations for residential properties for 2024.

City to send 2024 Real Property Notice of Assessments

News release from City and County of Honolulu, Dec 11, 2023

HONOLULU - The City and County of Honolulu’s Real Property Assessment Division announced Monday that 2024 real property notices of assessment applicable to the 2024-2025 tax year will be distributed this week to property owners across Oʻahu.

On or before December 15, the City and County of Honolulu will distribute approximately 306,000 notices via the United States Postal Service or by email, for those who have subscribed to electronic delivery.

The aggregate assessed valuation of all real property on O‘ahu increased year-to-year from $343.07 billion to $345.77 billion, indicating an approximate increase of 0.79 percent. The assessed values of properties in the “Residential” classification increased from $230.04 billion to $231.96 billion, indicating an approximate increase of 0.83 percent.  

The “Residential A” class, which includes residential properties over $1 million in total value without a homeowner’s exemption, decreased from $46.98 billion to $46.02 billion, a decrease of 2.05 percent, while the “Hotel and Resort” class increased by 0.06 percent. The “Commercial” class increased by 0.14 percent, and the “Industrial” class decreased by 0.67 percent.  

These percentages represent island-wide classification totals and may not reflect the changes in valuation for an individual property or a specific neighborhood as a whole.

The notice of assessment is not a tax bill. The notice of assessment provides the property’s ID/Tax Map Key, assessed value, tax classification, applied exemption amount, applicable special assessment and net taxable value.  

All 2024 assessed values reflect the value of real property in their entirety (fee simple) as of October 1, 2023 and are derived from sales of similar property through June 30, 2023.

Information stated on the real property notice of assessment is used to determine the real property tax bill amount. The property’s net taxable value, which is stated on the notice of assessment, is taxed per $1,000 of value at the property’s applicable classification tax rate. Each classification tax rate will be set by the City Council in June 2024. The first tax bill for the tax year will be mailed in July 2024.  

There are videos available to help explain the valuation process of residential properties and the appeal process that are available to view at www.realpropertyhonolulu.com.

Property owners should call the Appeal Hotline at (808) 768-7000 from December 15, 2023 through January 12, 2024, during the business hours of 7:45 a.m. and 4:30 p.m., for assistance with any questions about their notices of assessment.

Inquiries may also be submitted via email to bfsrpmailbox@honolulu.gov.

Property owners who wish to dispute their real property assessment may file an appeal between December 15, 2023 and January 15, 2024.

  • Hand-delivered appeals must be received and accepted by 4:30 p.m. HST on January 12, 2024.
  • If the appeal is mailed, it must be postmarked on or before January 13, 2024.
  • Appeals filed online at com must be completed and submitted by 11:59 p.m. HST, January 15, 2024.
  • A $50.00 deposit for each appeal is required. Checks can be made payable to City and County of Honolulu. Please enclose a self-addressed stamped envelope with your appeal application to receive a receipted copy of the appeal.
  • An appeal cannot be filed by fax or via email.

In an effort to expedite the appeal process and to minimize the wait time for a Board of Review hearing date, appellants should submit any evidence and supporting documentation to the Real Property Assessment Division with the appeal form or shortly thereafter. If you are submitting evidence separately from the appeal form, please include the name of the appellant, Parcel ID/TMK, year of the appeal, and contact information such as phone number, mailing address, and email address to either office.

Visit realpropertyhonolulu.com for links to search real property records, pay property taxes electronically, file a home exemption claim, report exemption status changes, file an appeal to the Board of Review, and download forms. Property owners may also register to receive their real property notice of assessment via email.  

All 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 2024 Assessment Notice by December 31, 2023, are advised to call (808) 768-7000, or visit one of the following offices:

Real Property Assessment Division, 842 Bethel Street, Basement, Honolulu, HI 96813

Real Property Assessment Division, 1000 Uluʻōhiʻa Street, #206, Kapolei, HI 96707

—PAU— 

Big Q: What do you think of Oahu’s 2024 property values: up in urban areas, down in rural ones?

SA: Value of urban Oahu properties increases

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