Hawi, Hawaii Property Taxes
The median property tax rate in HAWI, HI is 0.33%, which is significantly lower than both the national median of 0.99% and the Hawaii state median of 0.29%. With the median home value in HAWI at $454,300, the typical annual property tax bill amounts to $1,669, well below the national median of $2,690. Property taxes in HAWI are determined based on the assessed value, which often falls below market value due to exemptions like the primary residence and agricultural exemptions. Understanding HAWI's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of HAWI 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
Hawi, Hawaii Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.33%
Estimate Property Tax Bill
$1,499
Ownwell’s HAWI Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in HAWI with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in HAWI 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 Hawi, Hawaii
Property taxes in Hawi, HI, are crucial for supporting essential local services, including public schools, road maintenance, and emergency services. The median tax rate in Hawi stands at 0.33%, which is significantly lower than the U.S. national median of 0.99%. Local government entities in Hawi set these rates annually, and they can vary considerably across different neighborhoods. Each year, Hawi 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 for setting property tax rates. The data below compares Hawi's effective property tax rate to other counties in Hawaii and the national median. Understanding how these cities compare with Hawi 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 Hawi Tax Rate
0.33%
Average Hawaii County Tax Rate
0.35%
Average Hawaii Tax Rate
0.29%
Average United States Tax Rate
0.99%
Property Tax Rates Across Hawi, Hawaii
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 96719 | 0.13% | 0.21% | 0.33% | 0.51% | 1.11% |
Source: Ownwell
Property Tax Assessment Values Across Hawi, Hawaii
In Hawi, 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 Hawaii County 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 Hawi, 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. The median home price in Hawi is $454,300, with tax bills ranging from $843 at the 25th percentile to $5,584 at the 90th percentile. The zip code 96719 has both the highest and lowest median tax bill at $1,669. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Hawi Assessed Value
$454,300
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 Hawi, Hawaii
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 96719 | $291,740 | $344,750 | $454,300 | $647,350 | $970,840 |
Source: Ownwell
Property Tax Bills Across Hawi, Hawaii
In HAWI, Hawaii County, property tax bills are calculated based on the assessed value of your home, which is determined by the county assessor. The assessed value is a percentage of the market value, reflecting the property's worth in the current real estate market. Several factors influence this value, including the property's size, location, and condition. Once the assessed value is established, it is multiplied by the local tax rate to determine the annual tax bill. For homeowners in HAWI, the median home price is $454,300. Property tax bills can vary significantly, with the 25th percentile paying around $843, while those in the 75th percentile face bills of up to $3,635. At the 90th percentile, tax bills can reach as high as $5,584. The highest and lowest median tax bills in the area are both $1,669, reflecting the uniformity within the zip code 96719. Compared to the national median property tax rate of 0.99%, homeowners in HAWI may find their tax obligations to be relatively moderate.
Average Hawi Tax Bill
$1,669
Average Hawaii County Tax Bill
$1,619
Average Hawaii Tax Bill
$2,234
Average United States Tax Bill
$2,690
Property Tax Bills Across Hawi, Hawaii
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 96719 | $474 | $843 | $1,669 | $3,635 | $5,584 |
Source: Ownwell