Kamuela, Hawaii Property Taxes
The median property tax rate in Kamuela, HI is 0.44%, considerably higher than both the national median of 0.99% and the Hawaii state median of 0.29%. With the median home value in Kamuela at $728,300, the typical annual property tax bill reaches $3,912, exceeding the national median of $2,690. Property taxes in Kamuela 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 Kamuela'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 Kamuela 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
Kamuela, Hawaii Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.44%
Estimate Property Tax Bill
$3,205
Ownwell’s Kamuela Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Kamuela with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Kamuela 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 Kamuela, Hawaii
Property taxes in Kamuela, Hawaii, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Kamuela is 0.44%, which is significantly lower than both the Hawaii state median and the U.S. national median of 0.99%. Local government entities within Kamuela set these rates annually, and they can vary across different neighborhoods. Each year, Kamuela 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 Kamuela's effective property tax rate to other counties in Hawaii and the national median. For comparison, the zip code 96743 has the highest median property tax rate of 0.44%, while the same zip code also has the lowest median tax rate of 0.44%. Understanding how these cities compare with Kamuela 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 Kamuela Tax Rate
0.44%
Average Hawaii County Tax Rate
0.35%
Average Hawaii Tax Rate
0.29%
Average United States Tax Rate
0.99%
Property Tax Rates Across Kamuela, Hawaii
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 96743 | 0.17% | 0.28% | 0.44% | 1.11% | 1.17% |
Source: Ownwell
Property Tax Assessment Values Across Kamuela, Hawaii
In Kamuela, 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 county 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 Kamuela, 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 Kamuela helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Kamuela, the highest median tax bill is $3,912 in the zip code 96743, which is the same as the lowest median tax bill. The 25th percentile tax bill is $1,552, while the 75th percentile tax bill is $9,817, with the 90th percentile reaching $22,979.
Average Kamuela Assessed Value
$728,300
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 Kamuela, Hawaii
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 96743 | $366,090 | $474,625 | $728,300 | $1,214,900 | $2,314,340 |
Source: Ownwell
Property Tax Bills Across Kamuela, Hawaii
In Kamuela, located in Hawaii County, property tax bills are determined by assessing the market value of a property and applying the local tax rate. The median home price in Kamuela is $728,300, and the property tax rate is calculated based on this assessed value. Homeowners in the area can expect their tax bills to vary significantly, with the 25th percentile of tax bills being around $1,552 and the 75th percentile reaching up to $9,817. For those at the 90th percentile, tax bills can soar to $22,979. Several factors influence these tax bills, including property size, location, and any applicable exemptions. The highest and lowest median tax bills in Kamuela are both $3,912, indicating a consistent rate within the 96743 zip code. Compared to the national median property tax rate of 0.99%, Kamuela's property taxes can be substantial, impacting homeowners by contributing to their annual expenses and potentially influencing their decisions regarding property investments.
Average Kamuela Tax Bill
$3,912
Average Hawaii County Tax Bill
$1,619
Average Hawaii Tax Bill
$2,234
Average United States Tax Bill
$2,690
Property Tax Bills Across Kamuela, Hawaii
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 96743 | $719 | $1,552 | $3,912 | $9,817 | $22,979 |
Source: Ownwell