Kaneohe, Hawaii Property Taxes
The median property tax rate in Kaneohe, HI is 0.28%, slightly below the state median of 0.29% but still notable when compared to the national median of 0.99%. With a median home value of $1,022,800, the typical annual property tax bill in Kaneohe reaches $2,819, surpassing the national median of $2,690. Property taxes here are calculated based on the tax assessed value, which is often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Kaneohe'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 Kaneohe or another part of Honolulu County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Kaneohe, Hawaii Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.28%
Estimate Property Tax Bill
$2,864
$2,658
Ownwell’s Kaneohe Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Kaneohe with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Kaneohe 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 Kaneohe, Hawaii
Property taxes in Kaneohe, Hawaii, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Kaneohe is 0.28%, significantly lower than both the Hawaii state median and the U.S. national median of 0.99%. Local government entities within Kaneohe set these rates annually, and they can vary significantly across different neighborhoods. Each year, Kaneohe 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 Kaneohe's effective property tax rate to other regions in Hawaii and the national median. For comparison, the highest median property tax rate in the state is found in a different region, while another area has the lowest median tax rate. Understanding how these regions compare with Kaneohe 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 Kaneohe Tax Rate
0.28%
Average Honolulu County Tax Rate
0.28%
Average Hawaii Tax Rate
0.29%
Average United States Tax Rate
0.99%
Property Tax Rates Across Kaneohe, Hawaii
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 96744 | 0.23% | 0.26% | 0.28% | 0.30% | 0.33% |
Source: Ownwell
Property Tax Assessment Values Across Kaneohe, Hawaii
In Kaneohe, 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 Kaneohe, 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 Kaneohe helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 96744 has the highest and lowest median tax bill, both at $2,819, reflecting the overall consistency in property tax assessments within the area.
Average Kaneohe Assessed Value
$1,022,800
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 Kaneohe, Hawaii
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 96744 | $563,800 | $815,000 | $1,022,800 | $1,239,800 | $1,506,000 |
Source: Ownwell
Property Tax Bills Across Kaneohe, Hawaii
In Kaneohe, Honolulu County, property tax bills are calculated based on the assessed value of a home, which is determined by the county's property assessor. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. Factors such as the property's location, size, and condition are considered during assessment. For example, the median home price in Kaneohe is $1,022,800, and the median property tax bill is $2,819. This is relatively low compared to the national median property tax rate of 0.99%. Homeowners in Kaneohe can expect their tax bills to vary within a range, with the 25th percentile at $2,211 and the 75th percentile at $3,457. Those in the 90th percentile might see tax bills as high as $4,932. These property taxes directly impact homeowners by influencing their annual housing costs and potentially affecting their decision to buy or sell property in the area. The relatively stable tax rates in Kaneohe provide a predictable financial environment for residents.
Average Kaneohe Tax Bill
$2,819
Average Honolulu County Tax Bill
$2,420
Average Hawaii Tax Bill
$2,234
Average United States Tax Bill
$2,690
Property Tax Bills Across Kaneohe, Hawaii
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 96744 | $1,558 | $2,211 | $2,819 | $3,457 | $4,932 |
Source: Ownwell