Captain Cook, Hawaii County, Hawaii Property Taxes
The median property tax rate in Captain Cook, HI is 0.29%, which is significantly lower than the national median of 0.99% and aligns with the Hawaii state median of 0.29%. With the median home value in Captain Cook at $351,200, the typical annual property tax bill amounts to $1,102, well below the national median of $2,690. Property taxes in Captain Cook are calculated based on the tax assessed value, often lower than the market value due to various exemptions such as the primary residence and agricultural exemptions. Understanding Captain Cook's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Captain Cook or another part of the city, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Captain Cook, Hawaii County, Hawaii Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.29%
Estimate Property Tax Bill
$1,018
$945
Ownwell’s Captain Cook Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Captain Cook with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Captain Cook 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 Captain Cook, Hawaii County, Hawaii
Property taxes in Captain Cook, Hawaii, are essential in funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Captain Cook is 0.29%, significantly lower than both the Hawaii state median and the U.S. national median of 0.99%. Local government entities within Captain Cook set these rates annually, and they can vary across different neighborhoods. Each year, Captain Cook 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 for setting property tax rates. Comparing Captain Cook's effective property tax rate to other counties in Hawaii and the national median offers valuable insights into the varying tax landscape, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Captain Cook Tax Rate
0.29%
Average Hawaii County Tax Rate
0.35%
Average Hawaii Tax Rate
0.29%
Average United States Tax Rate
0.99%
Property Tax Rates Across Captain Cook, Hawaii County, Hawaii
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 96704 | 0.12% | 0.18% | 0.29% | 0.42% | 1.11% |
Source: Ownwell
Property Tax Assessment Values Across Captain Cook, Hawaii County, Hawaii
In Captain Cook, 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 Captain Cook, 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 Captain Cook helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Captain Cook is $351,200. The median tax bill ranges from $433 at the 25th percentile to $4,840 at the 90th percentile, with the highest and lowest median tax bills both being $1,102 in the 96704 zip code.
Property Tax Assessment Values Across Captain Cook, Hawaii County, Hawaii
Source: Ownwell
$237,000
$502,525
$768,050
Average Captain Cook Assessed Value
$351,200
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 Captain Cook, Hawaii County, Hawaii
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 96704 | $146,000 | $222,025 | $351,200 | $528,350 | $792,970 |
Source: Ownwell
Property Tax Bills Across Captain Cook, Hawaii County, Hawaii
In Captain Cook, located in Hawaii County, property tax bills are calculated based on the assessed value of the property, which is a percentage of its market value. The assessed value is determined annually by local tax assessors who consider factors such as property size, location, and market conditions. Homeowners in Captain Cook can expect a median home price of $351,200, with property tax bills varying significantly. For instance, the 25th percentile tax bill is around $433, while the 75th percentile reaches $2,558. At the 90th percentile, the tax bill can soar to $4,840. These tax bills are influenced by the local tax rate and the assessed value of the property. The highest and lowest median tax bills in the area are both $1,102, highlighting some consistency in taxation within the zip code 96704. Compared to the national median property tax rate of 0.99%, Captain Cook's property taxes can be relatively lower, offering some financial relief to homeowners in this picturesque region.
Average Captain Cook Tax Bill
$1,102
Average Hawaii County Tax Bill
$1,619
Average Hawaii Tax Bill
$2,234
Average United States Tax Bill
$2,690
Property Tax Bills Across Captain Cook, Hawaii County, Hawaii
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 96704 | $200 | $433 | $1,102 | $2,558 | $4,840 |
Source: Ownwell