Henderson, Hawaii Property Taxes
The median property tax rate in Henderson, HI is 1.11%, considerably higher than both the national median of 0.99% and the Hawaii state median of 0.29%. With the median home value in Henderson, the typical annual property tax bill reaches $1,195, which is below the national median of $2,690. Property taxes in Henderson are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Henderson'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 Henderson 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
Henderson, Hawaii Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.11%
Estimate Property Tax Bill
$1,195
Ownwell’s Henderson Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Henderson with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Henderson 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 Henderson, Hawaii
Property taxes in HENDERSON, Hawaii, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in HENDERSON is 1.11%, higher than both the Hawaii state median and the U.S. national median of 0.99%. Local government entities within HENDERSON set these rates annually, and they can vary significantly across different neighborhoods. Each year, HENDERSON 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. The data below compares HENDERSON's effective property tax rate to other counties in Hawaii and the national median. For comparison, the 89015 zip code has the highest median property tax rate of 1.11%, while the same zip code also has the lowest median tax rate of 1.11%. Understanding how these cities compare with HENDERSON provides valuable insights into the varying tax landscape across Hawaii, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Henderson Tax Rate
1.11%
Average Hawaii County Tax Rate
0.35%
Average Hawaii Tax Rate
0.29%
Average United States Tax Rate
0.99%
Property Tax Rates Across Henderson, Hawaii
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 89015 | 1.11% | 1.11% | 1.11% | 1.11% | 1.11% |
Source: Ownwell
Property Tax Assessment Values Across Henderson, Hawaii
In HENDERSON, 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 HENDERSON, 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 HENDERSON helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 89015 has both the highest and lowest median tax bill at $1,195.
Average Henderson Assessed Value
$107,700
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 Henderson, Hawaii
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 89015 | $107,700 | $107,700 | $107,700 | $107,700 | $107,700 |
Source: Ownwell
Property Tax Bills Across Henderson, Hawaii
In Henderson, Hawaii, property tax bills are calculated based on the assessed value of the property. The assessed value is determined by the local assessor's office, which evaluates the property's market value and applies an assessment ratio. This ratio is a percentage of the market value and is used to calculate the taxable value. Once the taxable value is established, the local tax rate is applied to determine the annual property tax bill. Factors influencing the tax bill include the property's location, size, and market conditions. For homeowners, the tax bill can have a significant impact on their annual budget. In Henderson, the median home price is $107,700, with typical tax bills around $1,195. This figure is consistent across various percentiles, indicating a stable property tax environment. Compared to the national median property tax rate of 0.99%, Henderson's tax rate is competitive, providing homeowners with a predictable and manageable tax burden. This stability can be advantageous for long-term financial planning and property investment.
Average Henderson Tax Bill
$1,195
Average Hawaii County Tax Bill
$1,619
Average Hawaii Tax Bill
$2,234
Average United States Tax Bill
$2,690
Property Tax Bills Across Henderson, Hawaii
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 89015 | $1,195 | $1,195 | $1,195 | $1,195 | $1,195 |
Source: Ownwell