Hawaii Homestead Exemption Property

Pursuant to the legislative enactment of the Hawaii Homestead Exemption Act, state residents are entitled to $20,000 if less than 65 years old, or up to $30,000 exempt property if 65 or older, limited further to no more than one acre of land. Hawaii homestead exemption law also includes improvements, landscaping, attachments, and water rights (if any) that remain un-severed from real property. The value limitation is calculated based on equity, and remains subject to purchase money security interests, mechanics liens, and tax liens imposed by federal, state or local authorities. The Hawaii homestead exemption form may be used as some evidence of value, as well as tax appraisals prepared by local authorities.