Hanamaulu, Hawaii Property Taxes
The median property tax rate in Hanamaulu, HI is 0.13%, considerably lower than both the national median of 0.99% and the Hawaii state median of 0.29%. With the median home value in Hanamaulu at $594,500, the typical annual property tax bill reaches $783, significantly below the national median of $2,690. Property taxes in Hanamaulu are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Hanamaulu'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 Hanamaulu 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
Hanamaulu, Hawaii Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.13%
Estimate Property Tax Bill
$773
Ownwell’s Hanamaulu Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Hanamaulu with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Hanamaulu 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 Hanamaulu, Hawaii
Property taxes in Hanamaulu, Hawaii, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Hanamaulu is 0.13%, significantly lower than both the Hawaii state median and the U.S. national median of 0.99%. Local government entities within Hanamaulu set these rates annually, and they can vary across different neighborhoods. Each year, Hanamaulu 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. Understanding how Hanamaulu's effective property tax rate compares to other regions in Hawaii and the national median provides valuable insights into the varying tax landscape across Kauai County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Hanamaulu Tax Rate
0.13%
Average Kauai County Tax Rate
0.28%
Average Hawaii Tax Rate
0.29%
Average United States Tax Rate
0.99%
Property Tax Rates Across Hanamaulu, Hawaii
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 96715 | 0.13% | 0.13% | 0.13% | 0.13% | 0.13% |
Source: Ownwell
Property Tax Assessment Values Across Hanamaulu, Hawaii
In Hanamaulu, 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 Kauai 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 Hanamaulu, 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 Hanamaulu helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Hanamaulu are both $783, found in the 96715 zip code.
Property Tax Assessment Values Across Hanamaulu, Hawaii
Source: Ownwell
$594,500
$11,734,750
$22,875,000
Average Hanamaulu Assessed Value
$594,500
Average Kauai County Assessed Value
$795,200
Average Hawaii Assessed Value
$781,500
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Hanamaulu, Hawaii
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 96715 | $594,500 | $594,500 | $594,500 | $594,500 | $594,500 |
Source: Ownwell
Property Tax Bills Across Hanamaulu, Hawaii
In Hanamaulu, Kauai County, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The median home price in Hanamaulu is $594,500, and the assessed value typically aligns closely with market values. The property tax rate in this region is considerably lower than the national median rate of 0.99%. Homeowners in Hanamaulu can expect a median tax bill of $783, which remains consistent across various percentiles, including the 25th, 75th, and 90th percentiles. This uniformity in tax bills suggests a stable and predictable property tax environment for residents. Factors that influence the tax bill include the assessed value of the property, any applicable exemptions, and the specific tax rate set by Kauai County. For homeowners, understanding these factors is crucial as they directly impact the annual financial obligations associated with property ownership. Lower property tax rates and consistent tax bills can make homeownership more affordable and financially manageable in Hanamaulu.
Average Hanamaulu Tax Bill
$783
Average Kauai County Tax Bill
$2,304
Average Hawaii Tax Bill
$2,234
Average United States Tax Bill
$2,690
Property Tax Bills Across Hanamaulu, Hawaii
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 96715 | $783 | $783 | $783 | $783 | $783 |
Source: Ownwell