Pearl Harbor, Hawaii Property Taxes
The median property tax rate in Pearl Harbor, HI is 0.33%, slightly higher than the state median of 0.29% but significantly lower than the national median of 0.99%. With the median home value in Pearl Harbor at $535,600, the typical annual property tax bill reaches $1,767, which is well below the national median of $2,690. Property taxes in Pearl Harbor are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Pearl Harbor'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 Harbor 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 Harbor, Hawaii Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.33%
Estimate Property Tax Bill
$1,767
$1,640
Ownwell’s Pearl Harbor Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Pearl Harbor with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Pearl Harbor 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 Pearl Harbor, Hawaii
Property taxes in Pearl Harbor, Hawaii, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Pearl Harbor is 0.33%, which is significantly lower than the U.S. national median of 0.99%. Local government entities within Pearl Harbor set these rates annually, and they can vary significantly across different neighborhoods. Each year, Pearl Harbor 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. This data compares Pearl Harbor's effective property tax rate to other areas in Hawaii and the national median. Understanding how Pearl Harbor compares 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 Harbor Tax Rate
0.33%
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 Harbor, Hawaii
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 96860 | 0.33% | 0.33% | 0.33% | 0.33% | 0.33% |
Source: Ownwell
Property Tax Assessment Values Across Pearl Harbor, Hawaii
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Pearl Harbor, Hawaii. 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 Harbor, 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 Pearl Harbor helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code 96860 has the highest and lowest median tax bills at $247,654, reflecting the uniformity in tax assessments.
Average Pearl Harbor Assessed Value
$535,600
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 Harbor, Hawaii
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 96860 | $36,600 | $152,550 | $535,600 | $9,374,150 | $75,918,500 |
Source: Ownwell
Property Tax Bills Across Pearl Harbor, Hawaii
Property tax bills in Pearl Harbor, located in Honolulu County, HI, are determined by the assessed value of a property and the local property tax rate. The assessed value is typically a percentage of the market value of the home, which in Pearl Harbor is influenced by the median home price of $535,600. The local tax rate is applied to this assessed value to calculate the annual tax bill. Homeowners in Pearl Harbor face a unique situation where the tax bill remains consistent across different percentiles. The 25th, 75th, and 90th percentiles all report a tax bill of $247,654, which is significantly higher than the national median property tax rate of 0.99%. This high tax bill can have substantial financial implications for homeowners, affecting their overall cost of living and potentially influencing decisions about property ownership. Understanding these factors is crucial for homeowners as they navigate their financial planning and property investments.
Average Pearl Harbor Tax Bill
$247,654
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 Harbor, Hawaii
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 96860 | $247,654 | $247,654 | $247,654 | $247,654 | $247,654 |
Source: Ownwell