Mountain View, Hawaii Property Taxes
The median property tax rate in Mountain View, HI is 0.25%, significantly lower than both the national median of 0.99% and the Hawaii state median of 0.29%. With the median home value in Mountain View, the typical annual property tax bill reaches $593, well below the national median of $2,690. Property taxes in Mountain View are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Mountain View'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 Mountain View 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
Mountain View, Hawaii Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.25%
Estimate Property Tax Bill
$593
$550
Ownwell’s Mountain View Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Mountain View with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Mountain View 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 Mountain View, Hawaii
Property taxes in Mountain View, Hawaii, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Mountain View is 0.25%, significantly lower than both the Hawaii state median and the U.S. national median of 0.99%. Local government entities within Mountain View set these rates annually, and they can vary significantly across different neighborhoods. Each year, Mountain View 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 Mountain View's effective property tax rate to other counties in Hawaii and the national median. For comparison, the 96785 zip code has the highest median property tax rate of 0.94%, while the same zip code also has the lowest median tax rate of 0.94%. Understanding how these cities compare with Mountain View 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 Mountain View Tax Rate
0.25%
Average Hawaii County Tax Rate
0.35%
Average Hawaii Tax Rate
0.29%
Average United States Tax Rate
0.99%
Property Tax Rates Across Mountain View, Hawaii
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 96771 | 0.11% | 0.14% | 0.25% | 0.34% | 1.11% |
| 96785 | 0.94% | 0.94% | 0.94% | 0.94% | 0.94% |
Source: Ownwell
Property Tax Assessment Values Across Mountain View, Hawaii
In Mountain View, 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. 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 Mountain View helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 96785 at $2,714, while the lowest is 96771 at $592.
Property Tax Assessment Values Across Mountain View, Hawaii
Source: Ownwell
$42,500
$10,201,250
$20,360,000
Average Mountain View Assessed Value
$237,050
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 Mountain View, Hawaii
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 96771 | $91,400 | $156,150 | $237,000 | $315,050 | $416,700 |
| 96785 | $290,300 | $290,300 | $290,300 | $290,300 | $290,300 |
Source: Ownwell
Property Tax Bills Across Mountain View, Hawaii
In Mountain View, Hawaii, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor's office. This assessed value is then multiplied by the local property tax rate to determine the annual tax bill. For homeowners in Mountain View, the tax bills can vary significantly. The 25th percentile tax bill is around $200, while the 75th percentile tax bill reaches up to $1,055, and the 90th percentile tax bill can be as high as $1,839. Factors such as the property's location, size, and any applicable exemptions play a crucial role in determining the assessed value. Homeowners in Mountain View benefit from relatively lower tax bills compared to the national median property tax rate of 0.99%. For instance, the highest median tax bill in the area is $2,714 in zip code 96785, while the lowest median tax bill is $592 in zip code 96771. These variations highlight how property taxes can impact homeowners differently within the same county.
Average Mountain View Tax Bill
$593
Average Hawaii County Tax Bill
$1,619
Average Hawaii Tax Bill
$2,234
Average United States Tax Bill
$2,690
Property Tax Bills Across Mountain View, Hawaii
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 96771 | $150 | $200 | $592 | $1,054 | $1,831 |
| 96785 | $2,714 | $2,714 | $2,714 | $2,714 | $2,714 |
Source: Ownwell