Oahu Historic Homes Get Big Tax Breaks if Public Dedication Requirements are Met
Tue, January 15, 2013 by By Yvonne Ahearn (B), Realtor-Broker Owners of historic homes in Honolulu and other areas of Oahu are fortunate, not only to own a piece of history, but to be eligible for a real property tax break, as well. The law in City & County of Honolulu (Oahu) currently allows owners of historic homes who apply for a Public Dedicaton Exemption to pay a flat $300 per year in property tax, often saving the homeowners thousands of dollars a year. The law that allowed reduction of the real property tax on these Honolulu historic homes was enacted in the 1980’s, under Mayor Frank Fasi, in an effort to enable owners of Oahu historic homes to have sufficient extra funds to help preserve and maintain the historic homes in the public interest. The public interest of this law is the ability of the public to view and appreciate such homes, memorializing history by providing a record of time, place and use, and to preserve the character and good repair of neighborhoods, protecting property values.
Historic Charles Dickey Designed Home on Oahu
All information on this site is believed to be reliable but is expressly not guaranteed. Blog Posts by various authors are the opinions of the author only and do not necessarily reflect the position of Home Shoppe Hawaii or other contributors. This blog does not give legal or tax advice and readers are encouraged to check with licensed professionals for advice on any specific topic and to verify any information herein. Questions? Please contact Yvonne Jaramillo Ahearn at 808-721-8088.
inHawaii Architecture, Historic Oahu Homes
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