What is Honolulu sales tax?
The minimum combined 2024 sales tax rate for Honolulu County, Hawaii is 4.5%. This is the total of state and county sales tax rates. The Hawaii state sales tax rate is currently 4%. The Honolulu County sales tax rate is 0.5%.
Hawaii Sales Tax Rates
The seller is permitted to pass on the tax to the consumer, however, with a maximum of 4.166% charged to the consumer in areas where the effective GET rate is 4%, and a maximum of 4.712% where the rate the seller pays is 4.5%.
While technically Hawaii does not have a sales tax, there is a 4 percent general excise tax (GET). On top of the state tax rate, there may be one or more local taxes, as well as one or more special district taxes, each of which can range between 0 percent and . 5 percent.
How much is sales tax in Hawaii? The base state sales tax rate in Hawaii is 4%. Local tax rates in Hawaii range from 0% to 0.5%, making the sales tax range in Hawaii 4% to 4.5%.
Notes. The state of Hawaii does not assess state sales tax on consumers. Instead, the state assesses GET on businesses for the sale of goods.
What is Hawaii's sales tax rate? Hawaii does not have a sales tax; instead, we have the GET, which is assessed on all business activities. The tax rate is 0.15% for Insurance Commission, 0.5% for Wholesaling, Manufacturing, Producing, Wholesale Services, and Use Tax on Imports For Resale, and 4% for all others.
Is what you're selling taxable? In Hawaii, most tangible products are subject to their general excise tax. There are tax-exempt items such as for medical devices and prescription medicine. Services in Hawaii are also generally subject to general excise tax.
Hawaii. Although Hawaii doesn't technically have a sales tax, the state does have an excise tax, which is passed to consumers and reflected in retail prices. This tax applies to groceries. The tax rate averages 4.44% in Hawaii, according to Tax Foundation data.
Hawaii has expensive housing. A University of Hawaii report published Monday found regulatory costs account for more than half of the price of a new condominium in Hawaii, a place where high housing costs are fueling an exodus of local-born residents searching for cheaper places to live.
Hawaii has a 4.00 percent state sales tax rate, a 0.50 percent max local sales tax rate, and an average combined state and local sales tax rate of 4.44 percent.
What states have no sales tax?
There are five states with no general statewide sales tax: Alaska, Delaware, Montana, New Hampshire, and Oregon. These are sometimes referred to as the NOMAD states (“N” for New Hampshire, “O” for Oregon, and so forth).
Hawaii has a progressive income tax and average property taxes but the highest home values in the nation. High earners will pay one of the highest marginal income tax rates in the country, but homeowners also pay the lowest effective property tax rate in the country, as well.
Hawaii does not have a sales tax per se, but it does have a gross receipts tax (called the General Excise Tax) and a use tax which apply to nearly every conceivable type of transaction (including services), and is technically charged to the business rather than the consumer.
Hawaii's government relies less on property taxes compared to many other states due to its unique tax structure and revenue sources. Here are some key factors that contribute to Hawaii's lower reliance on property taxes: Tourism-Based Economy: Hawaii's economy is heavily dependent on tourism.
What is the sales tax rate in Honolulu, Hawaii? The minimum combined 2024 sales tax rate for Honolulu, Hawaii is 4.5%. This is the total of state, county and city sales tax rates. The Hawaii sales tax rate is currently 4%.
Firstly, Hawaii doesn't have what we think of as traditional U.S. sales tax. They have a general excise tax (GET). Rather than a tax on a sale paid by the buyer, GET is a tax for “the privilege of doing business” in the state of Hawaii and levied on the seller.
The state income tax rates range from 1.4% to 11%, and the Aloha State doesn't charge sales tax. Hawaii offers tax deductions and credits to reduce your tax liability, including a deduction for medical and dental expenses, a deduction for home mortgage interest, and a tax credit for child and dependent care costs.
County of Maui officials are reminding the public that the Maui County surcharge and general excise tax (GET) as of Jan. 1, 2024, is now 4.5%, with a maximum pass on rate of 4.712%. The County of Maui surcharge of 0.5% on the state GET of 4% is now the same rate as the other counties in the state.
Hawaii. Hawaii is ranked among the states with the lowest or no sales tax. The state has a statewide sales tax rate of 4% and a local tax rate of 0.5%, as of January 2024. According to the US Census Bureau, the population of the state is 1,435,138, as of 2023.
Is Hawaii tax-friendly for retirees? Hawaii is moderately tax-friendly, but it really depends on each retiree's personal financial situation. For a person living off of Social Security and pension income, with small contributions from an IRA or another retirement account, Hawaii can be very tax-friendly.
What products Cannot be taxed?
- Sales of certain food products for human consumption.
- Sales to the U.S. Government.
- Sales of prescription medicine and certain medical devices.
- Sales of items paid for with EBT cards.
because most luxury stores in Hawaii do about a 10%. discount on top of the lower sales tax. Previously some stores were even doing like 2020 5% off. Dior used to be part of the tax free store.
The price point is less at Louis Vuitton in Hawaii. So on top of that and 4% tax, you'll save a decent amount.
In terms of places similar to Hawaii, Guam offers all the beaches and tropical weather, as well as resorts, but still maintains some uniqueness for its reasonably-priced housing and living. If you're looking for a place like Hawaii but cheaper, Guam is a great place to look.
| Chicken | $6.25 | Lb. |
|---|---|---|
| Liver | $6.25 | Lb. |
| Hearts | $6.25 | Lb. |
| Feet | $0.25 | Ea. |
| Eggs, Flat - XL | $17.00 | Ea. |
