Kailua Kona, Hawaii Property Taxes
The median property tax rate in Kailua Kona, HI is 0.48%, which is lower than the national median of 0.99% but higher than the Hawaii state median of 0.29%. With a median home value of $603,400 in Kailua Kona, the typical annual property tax bill reaches $3,604, significantly exceeding the national median of $2,690. Property taxes in Kailua Kona are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Kailua Kona'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 Kailua Kona 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
Kailua Kona, Hawaii Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.48%
Estimate Property Tax Bill
$2,896
Ownwell’s Kailua Kona Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Kailua Kona with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Kailua Kona 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 Kailua Kona, Hawaii
Property taxes in Kailua Kona, Hawaii, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Kailua Kona is 0.48%, which is significantly lower than the U.S. national median of 0.99%. Local government entities within Kailua Kona set these rates annually, and they can vary significantly across different neighborhoods. Each year, Kailua Kona 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 Kailua Kona's effective property tax rate to other areas in Hawaii County and the national median. For comparison, the 96745 zip code has the highest median property tax rate of 1.34%, while the 96740 zip code has the lowest median tax rate of 0.48%. Understanding how these areas compare with Kailua Kona 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 Kailua Kona Tax Rate
0.48%
Average Hawaii County Tax Rate
0.35%
Average Hawaii Tax Rate
0.29%
Average United States Tax Rate
0.99%
Property Tax Rates Across Kailua Kona, Hawaii
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 96740 | 0.20% | 0.31% | 0.48% | 1.17% | 1.17% |
| 96745 | 1.34% | 1.34% | 1.34% | 1.34% | 1.34% |
Source: Ownwell
Property Tax Assessment Values Across Kailua Kona, Hawaii
In Kailua Kona, 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 Real Property Tax Division 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 Kailua Kona, 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 Kailua Kona helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Zip code 96745 has the highest median tax bill at $271,896, while zip code 96740 has the lowest at $3,604.
Property Tax Assessment Values Across Kailua Kona, Hawaii
Source: Ownwell
$42,500
$10,201,250
$20,360,000
Average Kailua Kona Assessed Value
$603,400
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 Kailua Kona, Hawaii
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 96740 | $319,120 | $425,800 | $603,300 | $851,400 | $1,341,340 |
| 96745 | $20,360,000 | $20,360,000 | $20,360,000 | $20,360,000 | $20,360,000 |
Source: Ownwell
Property Tax Bills Across Kailua Kona, Hawaii
Property tax bills in Kailua Kona, located in Hawaii County, HI, are calculated based on the assessed value of a property and the applicable tax rate. The assessed value is determined by the local tax assessor and reflects the market value of the property. Several factors influence this value, including property size, location, and market conditions. Homeowners in Kailua Kona typically see a range of property tax bills. For instance, the 25th percentile tax bill is around $1,745, while the 75th percentile reaches approximately $6,230. At the higher end, the 90th percentile tax bill can be as much as $10,772. These figures illustrate the variability in property tax obligations, which can significantly impact household budgets. Compared to the national median property tax rate of 0.99%, homeowners in Kailua Kona may experience different rates based on their property's assessed value and specific local tax policies. Understanding these factors is crucial for homeowners to manage their finances effectively and anticipate annual property tax expenses.
Average Kailua Kona Tax Bill
$3,604
Average Hawaii County Tax Bill
$1,619
Average Hawaii Tax Bill
$2,234
Average United States Tax Bill
$2,690
Property Tax Bills Across Kailua Kona, Hawaii
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 96740 | $876 | $1,745 | $3,604 | $6,229 | $10,771 |
| 96745 | $271,896 | $271,896 | $271,896 | $271,896 | $271,896 |
Source: Ownwell