Mount Shasta, Hawaii Property Taxes
The median property tax rate in Mount Shasta, HI is 1.17%, considerably higher than both the national median of 0.99% and the Hawaii state median of 0.29%. With the median home value in Mount Shasta at $771,600, the typical annual property tax bill reaches $9,028, far exceeding the national median of $2,690. Property taxes in Mount Shasta 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 Mount Shasta'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 Mount Shasta 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
Mount Shasta, Hawaii Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.17%
Estimate Property Tax Bill
$9,028
Ownwell’s MOUNT SHASTA Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in MOUNT SHASTA with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in MOUNT SHASTA 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 Mount Shasta, Hawaii
Property taxes in Mount Shasta, Hawaii, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Mount Shasta is 1.17%, significantly higher than the U.S. national median of 0.99%. Local government entities within Mount Shasta set these rates annually, and they can vary significantly across different neighborhoods. Each year, Mount Shasta 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 Mount Shasta's effective property tax rate to other counties in Hawaii and the national median. For comparison, the 96067 zip code has the highest median property tax rate of 1.17%, while the same zip code also has the lowest median tax rate of 1.17%. Understanding how these cities compare with Mount Shasta 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 Mount Shasta Tax Rate
1.17%
Average Hawaii County Tax Rate
0.35%
Average Hawaii Tax Rate
0.29%
Average United States Tax Rate
0.99%
Property Tax Rates Across Mount Shasta, Hawaii
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 96067 | 1.17% | 1.17% | 1.17% | 1.17% | 1.17% |
Source: Ownwell
Property Tax Assessment Values Across Mount Shasta, Hawaii
In Mount Shasta, 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 Hawaii 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 Mount Shasta, 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 Mount Shasta helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $9028, found in the 96067 zip code.
Property Tax Assessment Values Across Mount Shasta, Hawaii
Source: Ownwell
$42,500
$10,201,250
$20,360,000
Average Mount Shasta Assessed Value
$771,600
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 Mount Shasta, Hawaii
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 96067 | $771,600 | $771,600 | $771,600 | $771,600 | $771,600 |
Source: Ownwell
Property Tax Bills Across Mount Shasta, Hawaii
In Mount Shasta, property tax bills are calculated based on the assessed value of a home, which is derived from its market value. The median home price in this city is $771,600, which significantly influences the tax bill. Homeowners in Mount Shasta typically see a property tax bill of $9,028, regardless of the percentile, making it one of the highest within the 96067 zip code. This tax rate is considerably above the national median property tax rate of 0.99%, reflecting the higher property values in the area. Several factors contribute to the final tax bill, including property improvements, market trends, and local government budgets. Higher property values generally lead to higher tax bills, affecting homeowners by increasing their annual expenses. This can impact decisions on homeownership and investments in property improvements. Understanding how these factors interplay is crucial for homeowners to anticipate their financial obligations and plan accordingly.
Average Mount Shasta Tax Bill
$9,028
Average Hawaii County Tax Bill
$1,619
Average Hawaii Tax Bill
$2,234
Average United States Tax Bill
$2,690
Property Tax Bills Across Mount Shasta, Hawaii
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 96067 | $9,028 | $9,028 | $9,028 | $9,028 | $9,028 |
Source: Ownwell