West Linn, Hawaii Property Taxes
The median property tax rate in West Linn, HI is 1.17%, significantly higher than both the national median of 0.99% and the Hawaii state median of 0.29%. With the median home value in West Linn at $1,068,700, the typical annual property tax bill reaches $12,504, far exceeding the national median of $2,690. Property taxes in West Linn 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 West Linn'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 West Linn 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
West Linn, Hawaii Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.17%
Estimate Property Tax Bill
$12,504
Ownwell’s West Linn Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in West Linn with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in West Linn 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 West Linn, Hawaii
Property taxes in West Linn, Hawaii, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in West Linn is 1.17%, higher than both the Hawaii state median and the U.S. national median of 0.99%. Local government entities within West Linn set these rates annually, and they can vary significantly across different neighborhoods. Each year, West Linn 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 West Linn's effective property tax rate to other counties in Hawaii and the national median. For comparison, the 97068 zip code has the highest median property tax rate of 1.17%, while the same zip code also has the lowest median tax rate of 1.17%. Understanding how these cities compare with West Linn 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 West Linn Tax Rate
1.17%
Average Hawaii County Tax Rate
0.35%
Average Hawaii Tax Rate
0.29%
Average United States Tax Rate
0.99%
Property Tax Rates Across West Linn, Hawaii
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97068 | 1.17% | 1.17% | 1.17% | 1.17% | 1.17% |
Source: Ownwell
Property Tax Assessment Values Across West Linn, Hawaii
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in West Linn, Hawaii. 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 West Linn, 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 West Linn helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 97068 has both the highest and lowest median tax bill at $12,504, highlighting a consistent tax environment across the area.
Average West Linn Assessed Value
$1,068,700
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 West Linn, Hawaii
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97068 | $1,068,700 | $1,068,700 | $1,068,700 | $1,068,700 | $1,068,700 |
Source: Ownwell
Property Tax Bills Across West Linn, Hawaii
In West Linn, Hawaii County, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The assessed value is then multiplied by the local property tax rate to determine the annual tax bill. For instance, the median home price in West Linn is $1,068,700, and homeowners in this area typically see tax bills around $12,504, regardless of whether they fall in the 25th, 75th, or 90th percentile. This uniformity suggests a flat tax rate applied across different property values. Several factors influence the assessed value, including the home's market value, improvements made to the property, and any exemptions for which the homeowner may qualify. This tax burden can significantly impact homeowners, as it represents a substantial annual expense. Compared to the national median property tax rate of 0.99%, the tax rate in West Linn results in higher-than-average property tax bills, reflecting the high property values in the area. This can affect affordability and overall cost of living for residents.
Average West Linn Tax Bill
$12,504
Average Hawaii County Tax Bill
$1,619
Average Hawaii Tax Bill
$2,234
Average United States Tax Bill
$2,690
Property Tax Bills Across West Linn, Hawaii
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97068 | $12,504 | $12,504 | $12,504 | $12,504 | $12,504 |
Source: Ownwell