Kapaa, Hawaii Property Taxes
The median property tax rate in Kapaa, HI is 0.22%, significantly lower than both the national median of 0.99% and the Hawaii state median of 0.29%. With the median home value in Kapaa at $788,400, the typical annual property tax bill comes to $2,076, which is below the national median of $2,690. Property taxes in Kapaa 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 Kapaa'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 Kapaa 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
Kapaa, Hawaii Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.22%
Estimate Property Tax Bill
$1,734
Ownwell’s Kapaa Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Kapaa with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Kapaa 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 Kapaa, Hawaii
Property taxes in Kapaa, Hawaii, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Kapaa is 0.22%, significantly lower than both the Hawaii state median of 0.28% and the U.S. national median of 0.99%. Local government entities within Kapaa set these rates annually, and they can vary significantly across different neighborhoods. Each year, Kapaa 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 Kapaa's effective property tax rate to other regions in Hawaii and the national median. For comparison, the highest median property tax rate in Hawaii is 0.30%, while the lowest median tax rate is 0.15%. Understanding how these cities compare with Kapaa 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 Kapaa Tax Rate
0.22%
Average Kauai County Tax Rate
0.28%
Average Hawaii Tax Rate
0.29%
Average United States Tax Rate
0.99%
Property Tax Rates Across Kapaa, Hawaii
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 96746 | 0.12% | 0.16% | 0.22% | 0.57% | 0.98% |
| 96754 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across Kapaa, Hawaii
In Kapaa, 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 Kapaa, 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. The median home price in Kapaa is $788,400, with property tax bills ranging from $1,267 at the 25th percentile to $6,658 at the 90th percentile. The highest and lowest median tax bills both stand at $2,076 in the 96746 zip code. 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 Kapaa helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Kapaa Assessed Value
$788,400
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 Kapaa, Hawaii
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 96746 | $470,200 | $680,750 | $788,400 | $999,800 | $1,311,340 |
| 96754 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Kapaa, Hawaii
In Kapaa, located in Kauai County, HI, property tax bills are calculated based on the assessed value of a home, which is determined by the county's tax assessor. This assessed value is then multiplied by the local property tax rate to determine the annual tax bill. The median home price in Kapaa is $788,400, and the property tax rate in this region is a key factor influencing the tax bill. For homeowners in Kapaa, the tax bill can vary significantly. At the 25th percentile, the tax bill is around $1,267, while at the 75th percentile, it rises to $4,376. For those in the 90th percentile, the tax bill can be as high as $6,658. The highest median tax bill in Kapaa is recorded at $2,076, which is notably higher than the national median property tax rate of 0.99%. These tax bills directly impact homeowners' annual expenses, making it essential for property owners to understand how their tax obligations are determined and managed.
Average Kapaa Tax Bill
$2,076
Average Kauai County Tax Bill
$2,304
Average Hawaii Tax Bill
$2,234
Average United States Tax Bill
$2,690
Property Tax Bills Across Kapaa, Hawaii
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 96746 | $887 | $1,267 | $2,076 | $4,376 | $6,658 |
| 96754 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell