When is the second tax payment in Hawaii due?

When is the second tax payment in Hawaii due?

• A. 12/20 of the assessment year
• B. 2/20 of the year following the assessment
• C. 8/20 of the assessment year
• D. 5/20 of the assessment year

Answer: (B)

In Hawaii, the second tax payment is typically due on February 20th of the year following the assessment year. This is aligned with the state's property tax schedule, which allows property owners to pay their taxes in two installments. The first payment is usually due on August 20th of the assessment year, and the second payment follows in February of the subsequent year. This timeline is designed to provide property owners with adequate time to budget for these payments. Choosing February 20 for the second installment reflects the standard procedure within Hawaii’s taxation system. It ensures that property owners are aware of and can plan for their tax responsibilities in alignment with the state’s fiscal calendar.

In Hawaii, the second tax payment is typically due on February 20th of the year following the assessment year. This is aligned with the state's property tax schedule, which allows property owners to pay their taxes in two installments.

The first payment is usually due on August 20th of the assessment year, and the second payment follows in February of the subsequent year. This timeline is designed to provide property owners with adequate time to budget for these payments.

Choosing February 20 for the second installment reflects the standard procedure within Hawaii’s taxation system. It ensures that property owners are aware of and can plan for their tax responsibilities in alignment with the state’s fiscal calendar.