07/26/2023
Beginning 2024-2025 tax year the home exemption will be $120,000 for homeowners under the age of 65. For homeowners 65and older the home exemption is $160,000. This means $120,000 or $160,000 will be deducted from the assessed value of the property and the homeowner taxed on the balance. Checkout www.realpropertyhonolulu.com for more information.