Honolulu, Hawaii Property Taxes
The median property tax rate in Honolulu, HI is 0.29%, considerably lower than the national median of 0.99% and matching the Hawaii state median of 0.29%. With the median home value in Honolulu at $823,200, the typical annual property tax bill reaches $2,269, which is below the national median of $2,690. Property taxes in Honolulu 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 Honolulu'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 Honolulu 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
Honolulu, Hawaii Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.29%
Estimate Property Tax Bill
$2,387
Ownwell’s Honolulu Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Honolulu with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Honolulu 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 Honolulu, Hawaii
Property taxes in Honolulu, HI, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Honolulu is 0.29%, which is significantly lower than the U.S. national median of 0.99%. Local government entities within Honolulu set these rates annually, and they can vary significantly across different neighborhoods. Each year, Honolulu 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 Honolulu's effective property tax rate to other counties in Hawaii and the national median. For comparison, the highest median property tax rate in Honolulu County is found in zip code 96813 with a rate of 0.45%, while the lowest median tax rate is in zip code 96816 at 0.22%. Understanding how these cities compare with Honolulu provides valuable insights into the varying tax landscape across Honolulu County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Honolulu Tax Rate
0.29%
Average Honolulu County Tax Rate
0.28%
Average Hawaii Tax Rate
0.29%
Average United States Tax Rate
0.99%
Property Tax Rates Across Honolulu, Hawaii
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 96813 | 0.21% | 0.25% | 0.30% | 0.33% | 0.44% |
| 96814 | 0.15% | 0.25% | 0.31% | 0.34% | 0.65% |
| 96815 | 0.22% | 0.27% | 0.31% | 0.33% | 0.37% |
| 96816 | 0.25% | 0.27% | 0.30% | 0.33% | 0.52% |
| 96817 | 0.21% | 0.25% | 0.28% | 0.32% | 0.35% |
| 96818 | 0.22% | 0.25% | 0.28% | 0.32% | 0.33% |
| 96819 | 0.24% | 0.25% | 0.28% | 0.31% | 0.35% |
| 96821 | 0.26% | 0.27% | 0.29% | 0.32% | 0.52% |
| 96822 | 0.21% | 0.24% | 0.28% | 0.33% | 0.35% |
| 96825 | 0.25% | 0.27% | 0.29% | 0.31% | 0.44% |
| 96826 | 0.22% | 0.25% | 0.31% | 0.33% | 0.35% |
Source: Ownwell
Property Tax Assessment Values Across Honolulu, Hawaii
In Honolulu, 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 Honolulu 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. 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 Honolulu helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. For example, the highest median tax bill is $4,587 in the 96821 zip code, while the lowest median tax bill is $1,400 in the 96826 zip code.
Average Honolulu Assessed Value
$823,200
Average Honolulu County Assessed Value
$887,100
Average Hawaii Assessed Value
$781,500
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Honolulu, Hawaii
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 96813 | $262,600 | $433,800 | $720,400 | $1,042,275 | $1,361,910 |
| 96814 | $267,400 | $387,400 | $694,700 | $1,095,000 | $1,593,180 |
| 96815 | $312,420 | $402,800 | $547,400 | $769,300 | $1,347,540 |
| 96816 | $602,400 | $936,100 | $1,182,800 | $1,543,400 | $2,463,180 |
| 96817 | $342,400 | $406,200 | $875,950 | $1,249,275 | $1,627,550 |
| 96818 | $327,000 | $430,200 | $577,200 | $1,097,300 | $1,336,100 |
| 96819 | $603,780 | $843,500 | $1,012,250 | $1,190,875 | $1,371,000 |
| 96821 | $970,800 | $1,144,600 | $1,495,600 | $1,993,350 | $2,645,800 |
| 96822 | $295,740 | $370,900 | $543,400 | $1,577,800 | $1,957,220 |
| 96825 | $657,500 | $859,500 | $1,230,200 | $1,469,800 | $1,945,910 |
| 96826 | $302,600 | $377,100 | $478,500 | $644,500 | $1,322,080 |
Source: Ownwell
Property Tax Bills Across Honolulu, Hawaii
In Honolulu, property tax bills are calculated based on the assessed value of a property, which is determined by the local tax assessor's office. This assessed value is then multiplied by the local tax rate to arrive at the annual property tax bill. Several factors influence the assessed value, including the property's market value, location, and any applicable exemptions or deductions. For homeowners in Honolulu, the median home price is $823,200. The property tax bill varies significantly across different percentiles. For instance, the 25th percentile tax bill is $1,270, while the 75th percentile tax bill reaches $3,733. At the 90th percentile, homeowners can expect to pay around $6,090 in property taxes annually. The highest median tax bill in the city is $4,587, found in the 96821 zip code, whereas the lowest median tax bill is $1,400 in the 96826 zip code. Compared to the national median property tax rate of 0.99%, Honolulu's property taxes can be relatively high, impacting homeowners' financial planning and overall cost of living.
Average Honolulu Tax Bill
$2,269
Average Honolulu County Tax Bill
$2,420
Average Hawaii Tax Bill
$2,234
Average United States Tax Bill
$2,690
Property Tax Bills Across Honolulu, Hawaii
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 96813 | $300 | $1,121 | $2,003 | $2,808 | $4,017 |
| 96814 | $594 | $930 | $1,670 | $3,042 | $6,835 |
| 96815 | $789 | $1,154 | $1,588 | $2,217 | $4,673 |
| 96816 | $1,770 | $2,664 | $3,543 | $5,591 | $9,330 |
| 96817 | $810 | $1,189 | $2,314 | $3,440 | $5,160 |
| 96818 | $813 | $1,116 | $1,551 | $2,857 | $3,663 |
| 96819 | $1,657 | $2,332 | $2,839 | $3,362 | $4,606 |
| 96821 | $2,801 | $3,381 | $4,587 | $6,470 | $10,143 |
| 96822 | $739 | $1,030 | $1,558 | $4,168 | $6,046 |
| 96825 | $1,860 | $2,494 | $3,423 | $4,625 | $6,742 |
| 96826 | $787 | $1,044 | $1,400 | $1,942 | $3,963 |
Source: Ownwell