Boise, Hawaii Property Taxes
The median property tax rate in Boise, HI is 0.12%, significantly lower than both the national median of 0.99% and the Hawaii state median of 0.29%. With the median home value in Boise at $353,300, the typical annual property tax bill is $414, well below the national median of $2,690. Property taxes in Boise 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 Boise'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 Boise 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
Boise, Hawaii Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.12%
Estimate Property Tax Bill
$424
$393
Ownwell’s Boise Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Boise with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Boise 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 Boise, Hawaii
Property taxes in Boise, Hawaii, play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Boise is 0.12%, significantly lower than both the Hawaii state median and the U.S. national median of 0.99%. Local government entities within Boise set these rates annually, and they can vary significantly across different neighborhoods. Each year, Boise 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. Understanding how Boise's effective property tax rate compares to other counties in Hawaii and the national median provides valuable insights into the varying tax landscape, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Boise Tax Rate
0.12%
Average Hawaii County Tax Rate
0.35%
Average Hawaii Tax Rate
0.29%
Average United States Tax Rate
0.99%
Property Tax Rates Across Boise, Hawaii
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83712 | 0.12% | 0.12% | 0.12% | 0.12% | 0.12% |
Source: Ownwell
Property Tax Assessment Values Across Boise, Hawaii
In Boise, 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 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 Boise, 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 Boise helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Boise is $353,300, with the highest and lowest median tax bills both being $414 in zip code 83712.
Average Boise Assessed Value
$353,300
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 Boise, Hawaii
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83712 | $353,300 | $353,300 | $353,300 | $353,300 | $353,300 |
Source: Ownwell
Property Tax Bills Across Boise, Hawaii
Property tax bills in Boise, Hawaii County, are determined by assessing the value of a property and applying the local tax rate. The assessed value is derived from the market value of the home, which is influenced by factors such as location, size, and condition. In Boise, the median home price is $353,300. The property tax rate is applied to this assessed value to calculate the tax bill. Homeowners in Boise experience a consistent property tax bill, with the 25th, 75th, and 90th percentiles all recording a tax bill of $414. This uniformity indicates a stable tax environment in the area. Compared to the national median property tax rate of 0.99%, Boise's property tax rate results in a relatively modest tax bill for homeowners. This can make homeownership more affordable and predictable, providing financial stability for residents. The highest and lowest median tax bills in Boise are both $414, reflecting the uniformity across different areas within the city.
Average Boise Tax Bill
$414
Average Hawaii County Tax Bill
$1,619
Average Hawaii Tax Bill
$2,234
Average United States Tax Bill
$2,690
Property Tax Bills Across Boise, Hawaii
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83712 | $414 | $414 | $414 | $414 | $414 |
Source: Ownwell