Kahuku, Hawaii Property Taxes
The median property tax rate in Kahuku, HI is 0.22%, significantly lower than both the national median of 0.99% and the Hawaii state median of 0.29%. With the median home value in Kahuku being $993,950, the typical annual property tax bill is $2,145, which is below the national median of $2,690. Property taxes in Kahuku are calculated based on the assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Kahuku'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 Kahuku 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
Kahuku, Hawaii Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.22%
Estimate Property Tax Bill
$2,187
Ownwell’s Kahuku Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Kahuku with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Kahuku 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 Kahuku, Hawaii
Property taxes in Kahuku, Hawaii, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Kahuku is 0.22%, significantly lower than both the Hawaii state median of 0.28% and the U.S. national median of 0.99%. Local government entities within Kahuku set these rates annually, and they can vary significantly across different neighborhoods. Each year, Kahuku 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 Kahuku's effective property tax rate to other counties in Hawaii and the national median. For comparison, the highest median property tax rate in Honolulu County is 0.28%, while the lowest median tax rate is 0.22%. Understanding how these cities compare with Kahuku provides valuable insights into the varying tax landscape across Honolulu County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Kahuku Tax Rate
0.22%
Average Honolulu County Tax Rate
0.28%
Average Hawaii Tax Rate
0.29%
Average United States Tax Rate
0.99%
Property Tax Rates Across Kahuku, Hawaii
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 96731 | 0.18% | 0.20% | 0.22% | 0.28% | 0.46% |
Source: Ownwell
Property Tax Assessment Values Across Kahuku, Hawaii
In Kahuku, 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 Honolulu 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 Kahuku, 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 Kahuku is $993,950, with tax bills ranging from $1,807 at the 25th percentile to $6,337 at the 90th percentile. The highest and lowest median tax bill in Kahuku is $2,145, both found in the 96731 zip code. 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 Kahuku helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Kahuku Assessed Value
$993,950
Average Honolulu County Assessed Value
$887,100
Average Hawaii Assessed Value
$781,500
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Kahuku, Hawaii
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 96731 | $717,800 | $839,300 | $993,950 | $1,222,900 | $1,879,710 |
Source: Ownwell
Property Tax Bills Across Kahuku, Hawaii
In Kahuku, located in Honolulu County, HI, property tax bills are determined based on the assessed value of a property. The local tax authorities assess the value of homes, which is often lower than the market value. This assessed value is then multiplied by the local tax rate to calculate the annual tax bill. Several factors influence the assessed value, including property size, location, and any improvements or renovations made. In Kahuku, the median home price stands at $993,950. Homeowners in the 25th percentile can expect a tax bill around $1,807, while those in the 75th percentile might see bills as high as $3,172. For the top 10% of homeowners, tax bills can reach up to $6,337. Property taxes can significantly impact homeowners, influencing both their monthly expenses and the long-term affordability of owning a home. Compared to the national median property tax rate of 0.99%, Kahuku's rates offer a unique perspective on property tax burdens in Hawaii.
Average Kahuku Tax Bill
$2,145
Average Honolulu County Tax Bill
$2,420
Average Hawaii Tax Bill
$2,234
Average United States Tax Bill
$2,690
Property Tax Bills Across Kahuku, Hawaii
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 96731 | $1,586 | $1,807 | $2,145 | $3,172 | $6,337 |
Source: Ownwell