Hawaii National Park, Hawaii Property Taxes
The median property tax rate in Hawaii National Park, HI is 0.27%, significantly lower than both the national median of 0.99% and the Hawaii state median of 0.29%. With the median home value in Hawaii National Park at $384,650, the typical annual property tax bill amounts to $1,042, well below the national median of $2,690. Property taxes in Hawaii National Park are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Hawaii National Park'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 Hawaii National Park 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
Hawaii National Park, Hawaii Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.27%
Estimate Property Tax Bill
$1,039
Ownwell’s Hawaii National Park Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Hawaii National Park with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Hawaii National Park 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 Hawaii National Park, Hawaii
Property taxes in Hawaii National Park, Hawaii, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Hawaii National Park is 0.27%, significantly lower than both the Hawaii state median and the U.S. national median of 0.99%. Local government entities within Hawaii National Park set these rates annually, and they can vary significantly across different neighborhoods. Each year, Hawaii National Park 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 Hawaii National Park's effective property tax rate to other counties in Hawaii and the national median. Understanding how these cities compare with Hawaii National Park 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 Hawaii National Park Tax Rate
0.27%
Average Hawaii County Tax Rate
0.35%
Average Hawaii Tax Rate
0.29%
Average United States Tax Rate
0.99%
Property Tax Rates Across Hawaii National Park, Hawaii
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 96718 | 0.22% | 0.24% | 0.27% | 0.30% | 0.32% |
Source: Ownwell
Property Tax Assessment Values Across Hawaii National Park, Hawaii
In Hawaii National Park, 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 Hawaii National Park, 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 Hawaii National Park is $384,650, with tax bills ranging from $898 at the 25th percentile to $1,272 at the 90th percentile. The zip code 96718 has the highest and lowest median tax bill at $1,042. 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 Hawaii National Park helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Hawaii National Park, Hawaii
Source: Ownwell
$42,500
$10,201,250
$20,360,000
Average Hawaii National Park Assessed Value
$384,650
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 Hawaii National Park, Hawaii
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 96718 | $371,970 | $376,725 | $384,650 | $392,575 | $397,330 |
Source: Ownwell
Property Tax Bills Across Hawaii National Park, Hawaii
In Hawaii National Park, property tax bills are calculated based on the assessed value of the home and the applicable tax rate set by Hawaii County. The assessed value is determined by the county assessor and reflects the market value of the property. Homeowners in Hawaii National Park generally see property tax bills ranging from $898 at the 25th percentile to $1,272 at the 90th percentile, with a median tax bill of $1,042. Factors influencing the tax bill include the property's assessed value, any applicable exemptions, and the local tax rate. The local tax rate is compared to the national median property tax rate of 0.99%. For homeowners, these property taxes contribute to local services such as schools, infrastructure, and emergency services, directly impacting the community's quality of life. Understanding how these factors interplay helps homeowners anticipate their tax obligations and plan their finances accordingly.
Average Hawaii National Park Tax Bill
$1,042
Average Hawaii County Tax Bill
$1,619
Average Hawaii Tax Bill
$2,234
Average United States Tax Bill
$2,690
Property Tax Bills Across Hawaii National Park, Hawaii
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 96718 | $812 | $898 | $1,042 | $1,185 | $1,272 |
Source: Ownwell