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And everyone follows the rules? You do understand that of all america 3 million per year are polled for the cencus? Thats only 1% of the 320 million population? And out of the ten year cycle of the polling only 30 mill are interviewed being less then 10% of our 320 million estimated population. Then how do you explain people who have one home in Hawaii and one in another state? That live pt in Hawaii but stay long enough to be considered residents and get resident status? None of the stats reflect this which is common for a foreign or mainland investor.
With some of the highest state income taxes in the US for what logical reason would anyone want to claim Hawaii residency? There are no advantages to bring a resident except a few tourists discounts.
With some of the highest state income taxes in the US for what logical reason would anyone want to claim Hawaii residency? There are no advantages to bring a resident except a few tourists discounts.
Lowest property taxes in the country maybe? But its interesting you brought that up. High income taxes and high get tax but the lowest property taxes.
Lowest property taxes in the country maybe? But its interesting you brought that up. High income taxes and high get tax but the lowest property taxes.
We rank #5 in the country with the highest property taxes paid. Very far from the lowest in the country. And with the recent change in property tax classification for non-owner occupants, we will be #3 in the country by this time next year.
We also rank #1 in state income taxes
And #1 in sales tax (yes, it's only 4.5% but because it includes rent, food, clothing, medical, utilities, etc it's by far the highest "sales tax", dollar for dollar, in the country)
The average person thinks taxes here are low... like a 4.5% sales tax RATE seems very low when other states charge 8% or more. And $3.50/$1,000 valuation RATE also is very, very low. But when you look at what is being taxed (all-inclusive everything including high ticket items required to survive like rent) and the VALUATION of those taxed items (compared to earned income), the taxes paid in DOLLARS OUT OF ONES' POCKET is of the very highest in the country. Most intelligent people ignore tax rates and look at the physical dollar amounts they are actually paying. The former means nothing... the latter everything.
States with the highest average property taxes in dollars for single family homes:
1) New York($15,625)
2) New Jersey ($8,108)
3) New Hampshire ($5,795)
4) Connecticut($5,646)
5) Hawaii ($5,024)
States with the lowest average property taxes in dollars for single family homes:
We rank #5 in the country with the highest property taxes paid. Very far from the lowest in the country. And with the recent change in property tax classification for non-owner occupants, we will be #3 in the country by this time next year.
We also rank #1 in state income taxes
And #1 in sales tax (yes, it's only 4.5% but because it includes rent, food, clothing, medical, utilities, etc it's by far the highest "sales tax", dollar for dollar, in the country)
The average person thinks taxes here are low... like a 4.5% sales tax RATE seems very low when other states charge 8% or more. And $3.50/$1,000 valuation RATE also is very, very low. But when you look at what is being taxed (all-inclusive everything including high ticket items required to survive like rent) and the VALUATION of those taxed items (compared to earned income), the taxes paid in DOLLARS OUT OF ONES' POCKET is of the very highest in the country. Most intelligent people ignore tax rates and look at the physical dollar amounts they are actually paying. The former means nothing... the latter everything.
States with the highest average property taxes in dollars for single family homes:
1) New York($15,625)
2) New Jersey ($8,108)
3) New Hampshire ($5,795)
4) Connecticut($5,646)
5) Hawaii ($5,024)
States with the lowest average property taxes in dollars for single family homes:
50) Alabama ($618)
49) West Virginia ($931)
48) New Mexico ($1,096)
47) Tennessee ($1,116)
46) Indiana ($1,418)
I'm confused then because Hawaiis effective property tax rate is 0.29% the lowest in the country?. Now I'm not saying I'm not wrong but that's the percent I have. Overall I agree that Hawaii has one of the highest taxes overall then other states. Which supports what I was saying that foreign investors can buy property and not be residents and only pay the lowest property tax rate in the country and if you run an illegal vacation unit you can avoid paying hotel and GET taxes all together.
Also from what i understand Hawaii also has state income tax and in effect an sales tax even if they call it a GET tax. Which is kinda unusual most states it either a sales tax or state income tax not both correct?
If i have the correct info, HI state tax is lower than CA state tax.
So, if someone wants to move to HI in the future they could purchase a house a few years in advance and claim as primary residence to get the deductions....and rent the house out. A 0.3 rate beats the hell out of a 1.2% rate. You are also establishing a residency which may help to get employment easier when you actually move there. Fraud?...of course...but if there is something to gain some people will do it.
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