Kealakekua, Hawaii Property Taxes
The median property tax rate in Kealakekua, HI is 0.34%, which is higher than the Hawaii state median of 0.29% but still below the national median of 0.99%. With a median home value of $518,450 in Kealakekua, the typical annual property tax bill amounts to $1,936, which is significantly lower than the national median of $2,690. Property taxes here are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Kealakekua'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 Kealakekua or another part of Hawaii County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Kealakekua, Hawaii Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.34%
Estimate Property Tax Bill
$1,763
Ownwell’s Kealakekua Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Kealakekua with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Kealakekua 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 Hawaii County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Kealakekua, Hawaii
Property taxes in Kealakekua, Hawaii, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Kealakekua is 0.34%, which is significantly lower than both the Hawaii state median of 0.28% and the U.S. national median of 0.99%. Local government entities within Kealakekua set these rates annually, and they can vary significantly across different neighborhoods. Each year, Kealakekua 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 Kealakekua's effective property tax rate to other counties in Hawaii and the national median. For comparison, the highest median property tax rate in the region is 0.45%, while the lowest median tax rate is 0.12%. Understanding how these cities compare with Kealakekua provides valuable insights into the varying tax landscape across Hawaii, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Kealakekua Tax Rate
0.34%
Average Hawaii County Tax Rate
0.35%
Average Hawaii Tax Rate
0.29%
Average United States Tax Rate
0.99%
Property Tax Rates Across Kealakekua, Hawaii
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 96750 | 0.18% | 0.25% | 0.34% | 0.48% | 1.11% |
Source: Ownwell
Property Tax Assessment Values Across Kealakekua, Hawaii
In Kealakekua, 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 local appraisal authority 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 Kealakekua, 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. The median home price in Kealakekua is $518,450, with tax bills ranging from $1,138 at the 25th percentile to $5,461 at the 90th percentile. Being aware of these valuation processes in Kealakekua helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Kealakekua, Hawaii
Source: Ownwell
$42,500
$10,201,250
$20,360,000
Average Kealakekua Assessed Value
$518,450
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 Kealakekua, Hawaii
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 96750 | $338,850 | $417,725 | $518,450 | $669,675 | $877,250 |
Source: Ownwell
Property Tax Bills Across Kealakekua, Hawaii
In Kealakekua, Hawaii County, property tax bills are calculated based on the assessed value of a home, which is determined by local government assessors. This assessment reflects the market value of the property. The tax rate is then applied to this assessed value to determine the annual tax bill. Factors such as property location, size, and usage play a crucial role in this valuation process. The median home price in Kealakekua is $518,450, and homeowners can expect to pay a property tax bill that typically ranges from $1,138 at the 25th percentile to $3,701 at the 75th percentile. At the 90th percentile, the tax bill can reach up to $5,461. The highest and lowest median tax bills in the area are both recorded at $1,936, specifically in the 96750 zip code. Compared to the national median property tax rate of 0.99%, Kealakekua's property tax rates can be considered moderate, offering a relatively balanced tax burden for homeowners in the region.
Average Kealakekua Tax Bill
$1,936
Average Hawaii County Tax Bill
$1,619
Average Hawaii Tax Bill
$2,234
Average United States Tax Bill
$2,690
Property Tax Bills Across Kealakekua, Hawaii
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 96750 | $714 | $1,138 | $1,936 | $3,701 | $5,461 |
Source: Ownwell