Kapaau, Hawaii Property Taxes
The median property tax rate in Kapaau, HI is 0.30%, slightly higher than the Hawaii state median of 0.29% but significantly lower than the national median of 0.99%. With a median home value of $375,550 in Kapaau, the typical annual property tax bill reaches $1,280, considerably below the national median of $2,690. Property taxes in Kapaau are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Kapaau's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Kapaau 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
Kapaau, Hawaii Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.3%
Estimate Property Tax Bill
$1,127
Ownwell’s Kapaau Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Kapaau with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Kapaau 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 Kapaau, Hawaii
Property taxes in Kapaau, Hawaii, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Kapaau is 0.30%, significantly lower than both the Hawaii state median and the U.S. national median of 0.99%. Local government entities within Kapaau set these rates annually, and they can vary significantly across different neighborhoods. Each year, Kapaau 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 Kapaau's effective property tax rate to other counties in Hawaii and the national median. Understanding how these cities compare with Kapaau 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 Kapaau Tax Rate
0.30%
Average Hawaii County Tax Rate
0.35%
Average Hawaii Tax Rate
0.29%
Average United States Tax Rate
0.99%
Property Tax Rates Across Kapaau, Hawaii
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 96755 | 0.12% | 0.21% | 0.30% | 1.05% | 1.11% |
Source: Ownwell
Property Tax Assessment Values Across Kapaau, Hawaii
In Kapaau, 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 Kapaau, 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 Kapaau helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 96755 has both the highest and lowest median tax bills, with a median tax bill of $1,280.
Average Kapaau Assessed Value
$375,550
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 Kapaau, Hawaii
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 96755 | $274,690 | $313,375 | $375,550 | $471,900 | $632,450 |
Source: Ownwell
Property Tax Bills Across Kapaau, Hawaii
In Kapaau, located in Hawaii County, property tax bills are determined based on the assessed value of a home, which is a percentage of its market value. The median home price in Kapaau is $375,550. Homeowners can expect their property tax bills to vary significantly depending on this assessed value and the specific tax rate applied by local authorities. For instance, the 25th percentile of tax bills is around $734, while the 75th percentile reaches up to $3,044, and the 90th percentile can be as high as $4,197. This wide range illustrates how different factors, such as property improvements or neighborhood changes, can influence the final tax bill. Compared to the national median property tax rate of 0.99%, Kapaau's property taxes can be considered relatively moderate, offering a balanced financial environment for homeowners. Understanding these nuances helps residents anticipate their tax obligations and manage their financial planning more effectively.
Average Kapaau Tax Bill
$1,280
Average Hawaii County Tax Bill
$1,619
Average Hawaii Tax Bill
$2,234
Average United States Tax Bill
$2,690
Property Tax Bills Across Kapaau, Hawaii
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 96755 | $352 | $734 | $1,280 | $3,044 | $4,197 |
Source: Ownwell