Pearl City, Hawaii Property Taxes
The median property tax rate in Pearl City, HI is 0.28%, slightly lower than the state median of 0.29% but well below the national median of 0.99%. With a median home value of $943,300 in Pearl City, the typical annual property tax bill amounts to $2,582, which is under the national median of $2,690. Property taxes in Pearl City are calculated based on the assessed value, which is often lower than the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Pearl City'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 Pearl City 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
Pearl City, 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 Pearl City Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Pearl City with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Pearl City 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 Honolulu County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Pearl City, Hawaii
Property taxes in Pearl City, HI, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Pearl City is 0.28%, significantly lower than both the Honolulu County median and the U.S. national median of 0.99%. Local government entities within Pearl City set these rates annually, and they can vary significantly across different neighborhoods. Each year, Pearl City 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 Pearl City's effective property tax rate to other counties in Hawaii and the national median. Understanding how these rates compare with other regions 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 Pearl City 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 Pearl City, Hawaii
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 96701 | 0.24% | 0.24% | 0.24% | 0.24% | 0.24% |
| 96782 | 0.24% | 0.26% | 0.28% | 0.30% | 0.32% |
Source: Ownwell
Property Tax Assessment Values Across Pearl City, Hawaii
In Pearl City, 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 Pearl City, 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. For instance, the highest median tax bill in Pearl City is $2,582 in the 96782 zip code, while the lowest median tax bill is $2,336 in the 96701 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 Pearl City helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Pearl City Assessed Value
$943,300
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 Pearl City, Hawaii
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 96701 | $962,700 | $962,700 | $962,700 | $962,700 | $962,700 |
| 96782 | $426,700 | $758,100 | $943,300 | $1,019,700 | $1,098,100 |
Source: Ownwell
Property Tax Bills Across Pearl City, Hawaii
In Pearl City, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the Honolulu County Assessor’s Office and is meant to reflect the property's market value. The local tax rate is applied to this assessed value to calculate the annual tax bill. Factors such as property size, location, and improvements can influence the assessed value, thereby affecting the tax bill. Homeowners in Pearl City experience property tax bills that vary significantly. For instance, the 25th percentile tax bill is approximately $1,974, while the 75th percentile tax bill is around $2,903. At the 90th percentile, homeowners might see tax bills as high as $3,244. The highest median tax bill in the area is $2,582, found in the 96782 zip code, whereas the lowest median tax bill is $2,336 in the 96701 zip code. These figures are notably lower than the national median property tax rate of 0.99%, making Pearl City relatively affordable in terms of property taxes.
Average Pearl City Tax Bill
$2,582
Average Honolulu County Tax Bill
$2,420
Average Hawaii Tax Bill
$2,234
Average United States Tax Bill
$2,690
Property Tax Bills Across Pearl City, Hawaii
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 96701 | $2,336 | $2,336 | $2,336 | $2,336 | $2,336 |
| 96782 | $1,089 | $1,974 | $2,582 | $2,903 | $3,244 |
Source: Ownwell