AvatarWritten by

10 Highest Honolulu Property Taxes in 2016

 

We’ve been looking into U.S. commercial property taxes paid in 2016 and have seen what types of businesses bring in the most to their local economies. Sunny Honolulu raked in over $50 million in property taxes last year, from the top 10 taxpaying properties alone. Over the past year, Honolulu City officials have debated whether to raise property tax rates for hotels and resorts even higher, in order to cover completion of the island’s ambitious 20-mile elevated rail project.

According to Civil Beat, construction is behind schedule and over budget, but the proposed property tax increase was rejected by the Budget Committee in mid-May. With a population of roughly 400,000 and one of the highest per capita costs of living in the nation, getting the expensive transit project on the rails continues to be a challenge and such a proposal may return in the future. Until then, let’s see which commercial properties contributed the most to Honolulu’s budget in 2016:

Find the 10 top taxpaying properties on the map below

1Ala Moana Center – $11,410,530 in property taxes in 2016

Ala Moana (via alamoanacenter.com)

  • Year built: 1963
  • Owned by: General Growth Properties Inc.
  • Number of stores: 333
  • Retail square footage: 2.3 million
  • Assessed value: $920,204,000

2Sheraton Waikiki – $7,617,792 in property taxes in 2016

Sheraton Waikiki (via Sheraton-Waikiki.com)

  • Year built: 1970
  • Owned by: Kyo-Ya Management Co.
  • Rooms: 1,636
  • Assessed value: $580,531,500

3Hilton Hawaiian Village Waikiki – $7,406,225 in property taxes in 2016

Hilton Hawaiian Village Rainbow Tower and Lagoon (via HiltonHawaiianVillage.com)

  • Year built: 1982
  • Owned by: Hilton Worldwide Holdings
  • Rooms: 3,386
  • Assessed value$565,978,500

4The Royal Hawaiian Resort Waikiki – $5,297,957 in property taxes in 2016

Royal Hawaiian Resort Waikiki (via royal-hawaiian.com)

  • Year built: 1926
  • Owned by: Kyo-Ya Co.
  • Rooms: 1,636
  • Assessed value$403,743,100

5Hyatt Regency Waikiki Beach Resort and Spa – $4,184,514 in property taxes in 2016

Hyatt Regency Waikiki Beach Resort and Spa (via official Facebook page)

  • Year built: 1976
  • Owned by: Host Hotels & Resorts, Inc.
  • Rooms: 1,230
  • Assessed value$311,955,900

6Royal Hawaiian Center – $3,357,594 in property taxes in 2016

Royal Hawaiian Center (courtesy of Festival Companies)

  • Year built: 1979
  • Owned by: J P Morgan Assets Management
  • Number of stores: 110+
  • Retail square footage: 310,000
  • Assessed value$260,000,500

7Halekulani Waikiki – $3,230,076 in property taxes in 2016

Halekulani hotel (via official Facebook page)

  • Year built: 1983
  • Owned by: Halekulani Corp. (subsidiary of Mitsui Fudosan Co.)
  • Rooms: 453
  • Assessed value$246,155,400

8Bishop Square – $3,074,569 in property taxes in 2016

Bishop Square Towers (via WJE.com)

  • Year built: 1972
  • Owned by: Douglas Emmett
  • Rentable square footage: 1,000,000
  • Assessed value$254,820,600

9Outrigger Reef Waikiki Beach Resort – $3,035,325 in property taxes in 2016

Outrigger Reef Waikiki Beach Resort (via official Facebook page)

  • Year built: 1964
  • Owned by: KSL Capital Partners
  • Rooms: 639
  • Assessed value$231,314,000

10The Kahala Hotel & Resort – $2,993,911 in property taxes in 2016

The Kahala Hotel and Resort (via official Facebook page)

  • Year built: 1963
  • Owned by: Resorttrust, Inc.
  • Rooms: 338
  • Assessed value$232,086,100

Methodology:

  • Data sources: PropertyShark, proprietary research (download raw data);
  • *Search was based on individual parcels; for multi-parcel properties the tax values and the year built listed are representative of the main parcel;
  • 2016 tax values verified with Honolulu County Property Tax Portal and Assessor’s Office;

Comments are closed.