Honolulu homeowners who are 65 or older are in line for a bigger property tax break beginning July 1, 2027. The City and County of Honolulu’s Real Property Assessment Division lists the home exemption for older owners rising from $160,000 to $180,000 on that date, while the amount for all other owners goes from $120,000 to $140,000. The current amounts stay in place until then.
The question for an older owner is whether the home is already on the exemption rolls. The city’s home exemption page says owners who already hold the exemption, and whose ownership or use of the home has not changed, do not need to refile. For anyone who has not filed, the city’s September 30 cutoff for this year has already passed…