Kapolei, Hawaii Property Taxes
The median property tax rate in Kapolei, HI is 0.27%, considerably lower than both the national median of 0.99% and the Hawaii state median of 0.29%. With the median home value in Kapolei at $863,800, the typical annual property tax bill reaches $2,355, which is below the national median of $2,690. Property taxes in Kapolei 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 Kapolei'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 Kapolei 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
Kapolei, Hawaii Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
0.29%
Estimate Property Tax Bill
$580
Ownwell’s Kapolei Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Kapolei with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Kapolei 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 Kapolei, Hawaii
Property taxes in Kapolei, Hawaii, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Kapolei is 0.27%, significantly lower than both the Hawaii state median and the U.S. national median of 0.99%. Local government entities within Kapolei set these rates annually, and they can vary significantly across different neighborhoods. Each year, Kapolei 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 Kapolei's effective property tax rate to other counties in Hawaii and the national median. Understanding how these cities compare with Kapolei 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 Kapolei Tax Rate
0.27%
Average Honolulu County Tax Rate
0.28%
Average Hawaii Tax Rate
0.29%
Average United States Tax Rate
0.99%
Property Tax Rates Across Kapolei, Hawaii
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 96707 | 0.22% | 0.25% | 0.27% | 0.31% | 0.33% |
Source: Ownwell
Property Tax Assessment Values Across Kapolei, Hawaii
In Kapolei, 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 Kapolei, 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. The median home price in Kapolei is $863,800, with tax bills ranging from $1,647 at the 25th percentile to $3,385 at the 90th percentile. The median tax bill for the 96707 zip code is $2,355, highlighting the importance of being aware of these valuation processes to identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Kapolei Assessed Value
$863,800
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 Kapolei, Hawaii
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 96707 | $518,800 | $683,600 | $863,800 | $1,011,200 | $1,267,200 |
Source: Ownwell
Property Tax Bills Across Kapolei, Hawaii
In Kapolei, located in Honolulu County, property tax bills are calculated based on the assessed value of your home, which is determined by local government assessors. The assessed value is then multiplied by the local property tax rate to determine the annual tax bill. For example, with a median home price of $863,800, homeowners can expect varying tax bills depending on specific assessments and exemptions. Factors such as property size, location, and improvements can influence the assessed value. In Kapolei, the 25th percentile tax bill is around $1,647, while the 75th percentile tax bill is approximately $2,862. The 90th percentile tax bill can go up to $3,385. These figures indicate a range of potential tax liabilities that homeowners might face. Comparatively, the median property tax rate in the area is competitive with national averages, ensuring that homeowners in Kapolei are taxed fairly relative to the assessed value of their properties. This system aims to distribute the tax burden equitably, reflecting the true market conditions and property values.
Average Kapolei Tax Bill
$2,355
Average Honolulu County Tax Bill
$2,420
Average Hawaii Tax Bill
$2,234
Average United States Tax Bill
$2,690
Property Tax Bills Across Kapolei, Hawaii
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 96707 | $937 | $1,647 | $2,355 | $2,862 | $3,385 |
Source: Ownwell