TAX MAN: Honolulu has PILOT project for real property tax

In late 2021, the City and County of Honolulu’s Real Property Assessment Division inspectors took a look at several parcels of land on which solar farms and other renewable energy projects had been built. The inspectors noted the land had been granted a super-duper low rate for agricultural use. We’re not sure of the details, but we do know that under section 8-7.3 of the Revised Ordinances of Honolulu, land that has been dedicated to agricultural use for 10 years is assessed for property tax purposes not at fair market value, but at 1 percent of fair market value.