Eleele, Kauai County, Hawaii Property Taxes
The median property tax rate in Eleele, HI is 0.16%, significantly lower than both the national median of 0.99% and the Hawaii state median of 0.29%. With the median home value in Eleele at $697,700, the typical annual property tax bill reaches $1,155, well below the national median of $2,690. Property taxes in Eleele are calculated based on the tax assessed value, which generally falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Eleele'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 Eleele 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
Eleele, Kauai County, Hawaii Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.16%
Estimate Property Tax Bill
$1,116
$1,036
Ownwell’s Eleele Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Eleele with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Eleele 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 Eleele, Kauai County, Hawaii
Property taxes in Eleele, Hawaii, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Eleele is 0.16%, significantly lower than both the Hawaii state median and the U.S. national median of 0.99%. Local government entities within Eleele set these rates annually, and they can vary significantly across different neighborhoods. Each year, Eleele 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. Understanding how Eleele's effective property tax rate compares to other counties in Hawaii and the national median provides valuable insights into the varying tax landscape across Kauai, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Eleele Tax Rate
0.16%
Average Kauai County Tax Rate
0.28%
Average Hawaii Tax Rate
0.29%
Average United States Tax Rate
0.99%
Property Tax Rates Across Eleele, Kauai County, Hawaii
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 96705 | 0.11% | 0.13% | 0.16% | 0.23% | 0.54% |
Source: Ownwell
Property Tax Assessment Values Across Eleele, Kauai County, Hawaii
In Eleele, 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 Kauai 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 Eleele, 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 Eleele helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Eleele is $697,700, with tax bills ranging from $899 at the 25th percentile to $3,755 at the 90th percentile. The zip code 96705 has the highest and lowest median tax bill of $1,155.
Property Tax Assessment Values Across Eleele, Kauai County, Hawaii
Source: Ownwell
$597,500
$1,655,825
$2,714,150
Average Eleele Assessed Value
$697,700
Average Kauai County Assessed Value
$795,200
Average Hawaii Assessed Value
$781,500
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Eleele, Kauai County, Hawaii
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 96705 | $593,000 | $648,750 | $697,700 | $775,775 | $862,100 |
Source: Ownwell
Property Tax Bills Across Eleele, Kauai County, Hawaii
In Eleele, located in Kauai County, HI, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by local government assessors who evaluate the market value of the property. Factors such as property size, location, and improvements are considered in this assessment. Once the assessed value is established, the local tax rate is applied to calculate the annual tax bill. For homeowners in Eleele, the median home price stands at $697,700. Tax bills in this area can vary significantly, with the 25th percentile tax bill at $899 and the 75th percentile reaching $1,537. The highest median tax bill recorded is $1,155, which is notably lower than the national median property tax rate of 0.99%. These property tax bills impact homeowners by contributing to local services such as schools, infrastructure, and emergency services. Understanding how these bills are calculated can help homeowners budget accordingly and possibly seek exemptions or appeals if they believe their property has been over-assessed.
Average Eleele Tax Bill
$1,155
Average Kauai County Tax Bill
$2,304
Average Hawaii Tax Bill
$2,234
Average United States Tax Bill
$2,690
Property Tax Bills Across Eleele, Kauai County, Hawaii
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 96705 | $601 | $899 | $1,155 | $1,537 | $3,755 |
Source: Ownwell