September 19th, 2008
Home Owners Tax Exemption Deadline Is Here
If you are a Hawaii homeowner and you use your home as a primary residence, then you need to make sure you are receiving your homeowners tax exemption. The deadline to claim your tax exemption to reduce your property tax assessment and the amount of taxes owed for the year 2009 is September 30th.
* For qualifying homeowners under 65 years of age, the exemption is $80,000.
* For those 65 years and older, the exemption is $120,000.
An eligible homeowner must own and occupy his or her property as the principal home and documentation acquiring the property must be recorded at the Bureau of Conveyances on or before September 30.
For homeowners who are 75 years or older and have a total household income that qualifies as low-income, exemptions vary depending on the age of the owner:
* 75-79 years, $140,000
* 80-84 years, $160,000
* 85-89 years, $180,000
* 90 and older, $200,000
Persons filing for the home exemption must provide verification of age, such as a copy of a driver’s license or birth certificate.
Others who may be eligible for an exemption include:
* Hansen’s Disease sufferers
* Totally disabled veterans
* Property owners who are deaf, blind, or totally disabled
Here is information from the state on the Home Tax Exemption.
View the home tax exemption form: Home Tax Exemption Form
Posted by scott on September 19th, 2008 in Feedblitz, Real Estate |

