Keaau, Hawaii Property Taxes
The median property tax rate in Keaau, HI is 0.30%, slightly higher than the Hawaii state median of 0.29% but still well below the national median of 0.99%. With a median home value of $348,400 in Keaau, the typical annual property tax bill amounts to $1,034, significantly lower than the national median of $2,690. Property taxes in Keaau are calculated based on the tax assessed value, which is usually lower than the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Keaau'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 Keaau 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
Keaau, Hawaii Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.3%
Estimate Property Tax Bill
$1,045
$970
Ownwell’s Keaau Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Keaau with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Keaau 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 Keaau, Hawaii
Property taxes in Keaau, Hawaii, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Keaau is 0.30%, which is significantly lower than both the Hawaii state median and the U.S. national median of 0.99%. Local government entities within Keaau set these rates annually, and they can vary significantly across different neighborhoods. Each year, Keaau 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 these rates are determined can help homeowners gain a clearer picture of their property tax obligations. For comparison, the highest median property tax rate in the area is found in a nearby zip code, while the lowest median tax rate is found in another neighboring zip code. Understanding how these cities compare with Keaau provides valuable insights into the varying tax landscape across Hawaii County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Keaau Tax Rate
0.30%
Average Hawaii County Tax Rate
0.35%
Average Hawaii Tax Rate
0.29%
Average United States Tax Rate
0.99%
Property Tax Rates Across Keaau, Hawaii
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 96749 | 0.11% | 0.20% | 0.30% | 0.36% | 0.94% |
| 96760 | 0.11% | 0.13% | 0.31% | 0.42% | 0.94% |
Source: Ownwell
Property Tax Assessment Values Across Keaau, Hawaii
In Keaau, 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 Department of Finance 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 Keaau, 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 Keaau helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. For instance, the highest median tax bill in Keaau is $1,034 in the 96749 zip code, while the lowest median tax bill is $936 in the 96760 zip code. Understanding these differences can help homeowners make informed decisions about their property taxes.
Average Keaau Assessed Value
$348,400
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 Keaau, Hawaii
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 96749 | $197,700 | $275,625 | $348,600 | $433,375 | $552,470 |
| 96760 | $158,580 | $218,100 | $290,200 | $426,100 | $528,280 |
Source: Ownwell
Property Tax Bills Across Keaau, Hawaii
In Keaau, located in Hawaii County, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. For instance, homes in the 25th percentile of tax bills pay around $589, while those in the 75th percentile pay about $1,552. The highest median tax bill in the area is $1,034, found in the 96749 zip code, and the lowest is $936 in the 96760 zip code. Factors such as the home's market value, location, and any applicable exemptions or deductions play a crucial role in determining the final tax bill. Compared to the national median property tax rate of 0.99%, the property taxes in Keaau can vary significantly, impacting homeowners' annual expenses. Higher property taxes can affect affordability and may influence decisions on buying or selling property in the area. Understanding these factors can help homeowners better plan their finances and anticipate their annual property tax obligations.
Average Keaau Tax Bill
$1,034
Average Hawaii County Tax Bill
$1,619
Average Hawaii Tax Bill
$2,234
Average United States Tax Bill
$2,690
Property Tax Bills Across Keaau, Hawaii
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 96749 | $232 | $590 | $1,034 | $1,551 | $2,702 |
| 96760 | $195 | $450 | $936 | $1,736 | $2,163 |
Source: Ownwell