FOR IMMEDIATE RELEASE                                     May 9, 2006

NEW TAX CREDIT APPLICATIONS NOW AVAILABLE 

            Eligible Honolulu homeowners may begin applying for a partial credit on their 2006-2007 and 2007-2008 real property taxes.

Application forms for the City and County of Honolulu’s new Tax Credit Program are now available in Room 115 at Honolulu Hale, at all Satellite City Halls, and online at www.honolulupropertytax.com

There are four (4) conditions applicants must meet in order to be eligible for the tax credit:

1.     They must have a home exemption on their property during the tax year claimed;

2.     The combined income of all the titleholders of the property immediately preceding the date of application may not exceed $50,000;

3.     The amount of 2006-2007 real property taxes must exceed 4% of the combined income for all titleholders; and

4.      Neither the property owner nor any member of the owner’s household may own any other property anywhere.

Applications will be available through September 30, 2006. 

For more information contact the Current Collections Staff at 523-4856

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Contact:

              Bill Brennan, 527-6928

              Mark Matsunaga, 527-5767