Waipahu, Hawaii Property Taxes
The median property tax rate in Waipahu, HI is 0.27%, considerably lower than both the national median of 0.99% and the Hawaii state median of 0.29%. With the median home value in Waipahu at $916,000, the typical annual property tax bill reaches $2,429, slightly below the national median of $2,690. Property taxes in Waipahu 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 Waipahu'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 Waipahu 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
Waipahu, Hawaii Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.27%
Estimate Property Tax Bill
$2,473
Ownwell’s Waipahu Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Waipahu with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Waipahu 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 Waipahu, Hawaii
Property taxes in Waipahu, Hawaii, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Waipahu is 0.27%, which is significantly lower than both the Hawaii state median and the U.S. national median of 0.99%. Local government entities within Waipahu set these rates annually, and they can vary significantly across different neighborhoods. Each year, Waipahu 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 Waipahu's effective property tax rate to other counties in Hawaii and the national median. Understanding how these cities compare with Waipahu 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 Waipahu Tax Rate
0.27%
Average Honolulu County Tax Rate
0.28%
Average Hawaii Tax Rate
0.29%
Average United States Tax Rate
0.99%
Property Tax Rates Across Waipahu, Hawaii
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 96797 | 0.23% | 0.25% | 0.27% | 0.30% | 0.32% |
Source: Ownwell
Property Tax Assessment Values Across Waipahu, Hawaii
In Waipahu, 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. In Waipahu, 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 Waipahu helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 96797 has both the highest and lowest median tax bill at $2,429.
Average Waipahu Assessed Value
$916,000
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 Waipahu, Hawaii
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 96797 | $412,800 | $557,900 | $916,000 | $1,022,075 | $1,156,810 |
Source: Ownwell
Property Tax Bills Across Waipahu, Hawaii
In Waipahu, Honolulu County, HI, property tax bills are calculated based on the assessed value of your home and the local tax rate. This assessed value is determined by the county assessor and reflects the market value of your property. Various factors such as the location, size, and condition of the property are considered during this assessment process. For homeowners in Waipahu, the median home price stands at $916,000. The tax bill varies significantly depending on the property's assessed value. For instance, the tax bill for the 25th percentile is $1,519, while at the 75th percentile, it rises to $2,804. At the 90th percentile, homeowners might see tax bills as high as $3,170. These property taxes play a crucial role in funding local services such as schools, infrastructure, and emergency services. Compared to the national median property tax rate of 0.99%, Waipahu's property tax bills can be seen as relatively moderate, considering the high median home prices in the area. This system ensures that homeowners contribute fairly to the community based on their property's value.
Average Waipahu Tax Bill
$2,429
Average Honolulu County Tax Bill
$2,420
Average Hawaii Tax Bill
$2,234
Average United States Tax Bill
$2,690
Property Tax Bills Across Waipahu, Hawaii
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 96797 | $1,028 | $1,519 | $2,429 | $2,804 | $3,170 |
Source: Ownwell