Carlsbad, Hawaii Property Taxes
The median property tax rate in Carlsbad, HI is 0.15%, significantly lower than both the national median of 0.99% and the Hawaii state median of 0.29%. With a median home value of $246,100 in Carlsbad, the typical annual property tax bill is $360, far below the national median of $2,690. Property taxes in Carlsbad are calculated based on the assessed value, which often falls below the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Carlsbad's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Carlsbad or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Carlsbad, Hawaii Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.15%
Estimate Property Tax Bill
$369
Ownwell’s Carlsbad Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Carlsbad with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Carlsbad to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Carlsbad, Hawaii
Property taxes in Carlsbad, Hawaii, are essential for funding crucial local services, including public schools, road maintenance, and emergency services. The median tax rate in Carlsbad is 0.15%, significantly lower than both the Hawaii state median and the U.S. national median of 0.99%. Local government entities within Carlsbad determine these rates annually, and they can vary considerably across different neighborhoods. Each year, Carlsbad estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. Understanding how Carlsbad's effective property tax rate compares to other counties in Hawaii and the national median provides valuable insights into the varying tax landscape across Hawaii County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Carlsbad Tax Rate
0.15%
Average Hawaii County Tax Rate
0.35%
Average Hawaii Tax Rate
0.29%
Average United States Tax Rate
0.99%
Property Tax Rates Across Carlsbad, Hawaii
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 92011 | 0.15% | 0.15% | 0.15% | 0.15% | 0.15% |
Source: Ownwell
Property Tax Assessment Values Across Carlsbad, Hawaii
In Carlsbad, Hawaii, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the local appraisal district for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In Carlsbad, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in Carlsbad helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Carlsbad, the zip code 92011 has both the highest and lowest median tax bills at $360. This consistency in tax bills can help homeowners better anticipate their property tax obligations.
Average Carlsbad Assessed Value
$246,100
Average Hawaii County Assessed Value
$412,300
Average Hawaii Assessed Value
$781,500
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Carlsbad, Hawaii
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 92011 | $246,100 | $246,100 | $246,100 | $246,100 | $246,100 |
Source: Ownwell
Property Tax Bills Across Carlsbad, Hawaii
In Carlsbad, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The assessed value typically reflects a percentage of the property's market value. Homeowners in Carlsbad, located in Hawaii County, experience a median property tax rate of 0.99%, aligning with the national median. This rate is applied to the assessed value to determine the annual property tax bill. For instance, with a median home price of $246,100, the property tax bill would be approximately $360, which falls within the 25th to 90th percentile range for the area. Factors influencing the tax bill include property size, location, and any applicable exemptions or deductions. This consistent tax rate provides homeowners with a predictable expense, aiding in financial planning. While the rate is on par with the national median, it ensures that property taxes remain a manageable aspect of homeownership in Carlsbad.
Average Carlsbad Tax Bill
$360
Average Hawaii County Tax Bill
$1,619
Average Hawaii Tax Bill
$2,234
Average United States Tax Bill
$2,690
Property Tax Bills Across Carlsbad, Hawaii
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 92011 | $360 | $360 | $360 | $360 | $360 |
Source: Ownwell