Wahiawa, Hawaii Property Taxes
The median property tax rate in Wahiawa, HI is 0.28%, slightly below the state median of 0.29% and significantly lower than the national median of 0.99%. With a median home value of $856,700 in Wahiawa, the typical annual property tax bill amounts to $2,312, which is still below the national median of $2,690. Property taxes in Wahiawa are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Wahiawa'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 Wahiawa 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
Wahiawa, Hawaii Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.28%
Estimate Property Tax Bill
$2,399
Ownwell’s Wahiawa Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Wahiawa with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Wahiawa 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 Wahiawa, Hawaii
Property taxes in Wahiawa, Hawaii, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Wahiawa is 0.28%, which is significantly lower than both the Hawaii state median and the U.S. national median of 0.99%. Local government entities within Wahiawa set these rates annually, and they can vary significantly across different neighborhoods. Each year, Wahiawa 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 Wahiawa's effective property tax rate to other counties in Hawaii and the national median. For comparison, the highest median property tax rate in the state is found in another jurisdiction with a rate of 0.35%, while the lowest median tax rate is 0.25%. Understanding how these cities compare with Wahiawa 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 Wahiawa 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 Wahiawa, Hawaii
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 96786 | 0.23% | 0.25% | 0.28% | 0.30% | 0.33% |
Source: Ownwell
Property Tax Assessment Values Across Wahiawa, Hawaii
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Wahiawa, Honolulu County, 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 local appraisal authorities 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 Wahiawa, 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. For instance, the median home price in Wahiawa is $856,700, with tax bills ranging from $1,929 at the 25th percentile to $3,092 at the 90th percentile. Both the highest and lowest median tax bills are $2,312 in the 96786 zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Wahiawa Assessed Value
$856,700
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 Wahiawa, Hawaii
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 96786 | $330,290 | $753,350 | $856,700 | $959,500 | $1,109,570 |
Source: Ownwell
Property Tax Bills Across Wahiawa, Hawaii
In Wahiawa, located in Honolulu County, HI, property tax bills are calculated based on the assessed value of your home. The process begins with the county assessor determining the market value of your property. This value is then multiplied by the local tax rate to arrive at your annual tax bill. For instance, Wahiawa's median home price stands at $856,700, which significantly influences the tax bill amount. Factors such as property size, location, and improvements can affect the assessed value. Homeowners in Wahiawa typically see tax bills ranging from $1,929 at the 25th percentile to $3,092 at the 90th percentile. The median tax bill in the area is $2,312, which is above the national median property tax rate of 0.99%. These taxes fund essential public services like schools, infrastructure, and emergency services, impacting the overall quality of life in the community. High property taxes can be a financial burden but also reflect the value and amenities of the area.
Average Wahiawa Tax Bill
$2,312
Average Honolulu County Tax Bill
$2,420
Average Hawaii Tax Bill
$2,234
Average United States Tax Bill
$2,690
Property Tax Bills Across Wahiawa, Hawaii
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 96786 | $903 | $1,929 | $2,312 | $2,696 | $3,092 |
Source: Ownwell