REAL PROPERTY ASSESSMENT EXEMPTION

A Property Tax Exemption is available to individuals who own their Primary Residence. This lowers the Tax Assessed Value of the home, thus reducing the amount of Property Taxes.

• Property must be owner-occupant''s principal home
• Basic home exemption is currently $100,000
• Homeowners 65 years and older on or beforeJune 30 of thepreceding tax year can claim $140,000
• Disabled veterans and those who are blind, deaf or disabled may qualify for additional exemptions
• Homeowners must file a one-time claim for home exemption (Form P-3) with the Real Property Assessment Division on or beforeSept. 30preceding the tax year for which they wish to claim the exemption

For more information, visit the City and County of Honolulu''s Department of Budget and Fiscal Services, Real Property Assessment Division website .