City to Send 2023 Real Property Notice of Assessments
News Release from City and County of Honolulu, Dec 13, 2022
HONOLULU - The City and County of Honolulu’s Real Property Assessment Division has prepared the 2023 real property notice of assessments applicable to the 2023-24 tax year. On or before December 15, 2022 the City will distribute approximately 304,000 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 from $305.27 billion to $343.07 billion, indicating an approximate increase of 12.4 percent. Assessed values of the Residential classification increased from $211.05 billion to $230.15 billion, indicating an approximate increase of 9.1 percent. The Residential A class increased from $33.51 billion to $46.88 billion, an increase of 39.9 percent. The Hotel and Resort class increased by 13.9 percent. The Commercial class increased by 5.3 percent, and the Industrial class increased by 10.4 percent. These percentages represent island-wide classification totals and may not reflect an individual property or a specific neighborhood value change.
The notice of assessment is not a tax bill. The notice provides the property’s ID/Tax Map Key, assessed value, tax classification, applied exemption amount, applicable special assessment, and net taxable value. All 2023 assessed values reflect the value of real property in their entirety (fee simple) as of October 1, 2022, and are derived from sales of similar property through June 30, 2022.
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 stated on the assessment notice is taxed per $1,000 of value at the property’s applicable classification tax rate. The classification tax rate is set by the City Council in June 2023. The tax bill will be mailed in July 2023.
A video to help explain the valuation process of residential properties has been posted on the home page of realpropertyhonolulu.com.
Property owners should call the Appeal Hotline at (808) 768-7000 from December 15, 2022 through January 13, 2023, during the business hours of 7:45 a.m. and 4:30 p.m. HST for assistance with any questions. Inquiries may also be submitted via email to email@example.com.
Property owners who wish to dispute their real property assessment may file an appeal during the period of December 15, 2022 to January 15, 2023. Hand delivered appeals must be received and accepted by 4:30 p.m. on January 13, 2023. If the appeal is mailed, it must be postmarked on or before January 14, 2023. Appeals filed online at realpropertyhonolulu.com must be completed and submitted by 11:59 p.m., January 15, 2023. A $50.00 deposit for each appeal is required. Make checks payable to City and County of Honolulu. Enclose a self-addressed stamped envelope with your appeal application to receive a receipted copy of the appeal. An appeal cannot be lodged by facsimile transmission 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 assessment notices 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 2023 Assessment Notice by December 31, 2022, are advised to call (808) 768-7000 or visit an office at:
Real Property Assessment Division 842 Bethel Street, Basement, Honolulu, HI 96813
Real Property Assessment Division 1000 Uluohia Street, #206, Kapolei, HI 96707
SA: Housing boom to boost Honolulu property taxes