taxes: 2009 Hawaii Real Estate Tax Rates
- 08/01/09 11:53 AM
Hawaii has some of the lowest real estate taxes in the country. Beside being in paradise and having limited amounts of land, which put pressures on the real estate values, we do have very reasonable real estate taxes. The reason for this is that we do not fund our school system through real estate taxes. Schools are funded by our state general fund. Real estate taxes pay for county government services. In parts of the country folks will let their land go for back taxes. That is unheard of here. When the economy took a big tank on the mainland, we … (10 comments)
taxes: Taxes First and Then Maybe a Train Later
- 01/07/07 08:18 PM
Starting January 1, 2007 our excise tax on Oahu was increased to 4-1/2% from 4%. The money is to go towards a rail system. Here are a few of the problems with the direction this train or may I say the train wreck is heading.
First from my selfish side; realtors have to pay the tax twice. We pay it when we get paid our commission and then again when we spend our money. The worst part is that we will not be able to use it. Our line of work requires a vehicle to transport our clients from house to house. Starting this … (10 comments)
taxes: Thank You Governor Lingle for Your Veto
- 12/26/06 06:58 AM
I just received word that Governor Lingle vetoed an increase in the HARPTA tax. HARPTA is our state withholding tax that is taken at the time of closing from out of state owners. HARPTA is currently 5%. Our wonderful liberal legislature utilizing their finite wisdom decided, decided it would be a great idea to slap out our state investors by raising the tax to 8.25% beginning January 1, 2007. I am so delighted to see our Governor step up to the plate and do the right thing. We in Hawaii depend on out of state money to drive our economy. Folks, Hawaii … (10 comments)
taxes: Honolulu County Increases the Home Exemption for 2007
- 12/17/06 09:39 AM
It is about time they give folks a break. With the climbing of property values homeowners are paying as much a double and even more in some cases over what they paid 3 or 4 years ago. Below is information posted from the City and County Website. Real Property Assessment Exemption Information Purpose This document was prepared by the Real Property Assessment Division of the City Department of Budget and Fiscal Services to assist Oahu property owners seeking information on home exemptions. It explains how to qualify for exemptions which reduce the net taxable assessed value of the property used in determining … (9 comments)
Hawaii has some of the lowest real estate taxes in the country.
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