The statutory deadline for the home exemption is September 30, effective for the next tax year beginning on July 1 and ending on June 30.
The basic home exemption for homeowners under 65 is $80,000. This means that $80,000 is deducted from the assessed value of the property and the homeowner is taxed on the balance.
For homeowners 65 years and older the home exemption will be $120,000. To qualify for this exemption, you must be 65 years or older on or before June 30 preceding the tax year for which the exemption is claimed.
If you have not filed your home exemption, get the form at: https://www.realpropertyhonolulu.com
Any questions go to: http://www.honolulupropertytax.com
