Las Vegas, Hawaii Property Taxes
The median property tax rate in LAS VEGAS, HI is 0.13%, significantly lower than both the national median of 0.99% and the Hawaii state median of 0.29%. With the median home value in LAS VEGAS at $238,300, the typical annual property tax bill is $300, which is well below the national median of $2,690. Property taxes in LAS VEGAS 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 LAS VEGAS'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 LAS VEGAS 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
Las Vegas, Hawaii Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.13%
Estimate Property Tax Bill
$310
$287
Ownwell’s Las Vegas Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Las Vegas with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Las Vegas 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 Las Vegas, Hawaii
Property taxes in Las Vegas, Hawaii, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Las Vegas is 0.13%, significantly lower than both the Hawaii state median of 0.28% and the U.S. national median of 0.99%. Local government entities within Las Vegas set these rates annually, and they can vary significantly across different neighborhoods. Each year, Las Vegas 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 Las Vegas' effective property tax rate to other counties in Hawaii and the national median. For comparison, the highest median property tax rate in Hawaii is 0.28%, while the lowest median tax rate is 0.13%. Understanding how these cities compare with Las Vegas 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 Las Vegas Tax Rate
0.13%
Average Honolulu County Tax Rate
0.28%
Average Hawaii Tax Rate
0.29%
Average United States Tax Rate
0.99%
Property Tax Rates Across Las Vegas, Hawaii
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 89148 | 0.13% | 0.13% | 0.13% | 0.13% | 0.13% |
Source: Ownwell
Property Tax Assessment Values Across Las Vegas, Hawaii
In LAS VEGAS, 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 LAS VEGAS, 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 LAS VEGAS 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 89148, while the lowest is also 89148, both at $300.
Average Las Vegas Assessed Value
$238,300
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 Las Vegas, Hawaii
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 89148 | $238,300 | $238,300 | $238,300 | $238,300 | $238,300 |
Source: Ownwell
Property Tax Bills Across Las Vegas, Hawaii
In Las Vegas, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. This assessed value is a percentage of the property's market value. The tax rate, which is applied to this assessed value, is determined by local government bodies and can vary within different parts of the county. Several factors influence the final tax bill, including the property's location, size, and any applicable exemptions or deductions. For instance, homeowners might qualify for exemptions that can significantly reduce their tax liability. In Honolulu County, the median home price is $238,300, with tax bills at the 25th, 75th, and 90th percentiles all at $300. This is considerably lower than the national median property tax rate of 0.99%. For homeowners, understanding these factors is crucial as they directly impact annual property tax expenses. Lower tax bills can make homeownership more affordable, but it is essential to stay informed about any changes in property assessments or tax rates that could affect future bills.
Average Las Vegas Tax Bill
$300
Average Honolulu County Tax Bill
$2,420
Average Hawaii Tax Bill
$2,234
Average United States Tax Bill
$2,690
Property Tax Bills Across Las Vegas, Hawaii
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 89148 | $300 | $300 | $300 | $300 | $300 |
Source: Ownwell