Hana, Hawaii Property Taxes
The median property tax rate in Hana, HI is 0.29%, which matches the Hawaii state median but is considerably lower than the national median of 0.99%. With a median home value in Hana, the typical annual property tax bill reaches $22,088, significantly surpassing the national median of $2,690. Property taxes in Hana 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 Hana'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 Hana 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
Hana, Hawaii Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.29%
Estimate Property Tax Bill
$22,049
Ownwell’s Hana Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Hana with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Hana 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 Hana, Hawaii
Property taxes in Hana, Hawaii, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Hana is 0.29%, significantly lower than both the Hawaii state median and the U.S. national median of 0.99%. Local government entities within Hana set these rates annually, and they can vary significantly across different neighborhoods. Each year, Hana 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 Hana's effective property tax rate to other counties in Hawaii and the national median. For comparison, the zip code with the highest median property tax rate in Hawaii has a rate of 0.46%, while the zip code with the lowest median tax rate has a rate of 0.15%. Understanding how these cities compare with Hana 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 Hana Tax Rate
0.29%
Average Kauai County Tax Rate
0.28%
Average Hawaii Tax Rate
0.29%
Average United States Tax Rate
0.99%
Property Tax Rates Across Hana, Hawaii
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 96754 | 0.29% | 0.29% | 0.29% | 0.29% | 0.29% |
Source: Ownwell
Property Tax Assessment Values Across Hana, Hawaii
In HANA, 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 HANA, 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 HANA helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 96754 in HANA has the highest and lowest median tax bill, both at $22,088.
Average Hana Assessed Value
$7,603,200
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 Hana, Hawaii
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 96754 | $7,603,200 | $7,603,200 | $7,603,200 | $7,603,200 | $7,603,200 |
Source: Ownwell
Property Tax Bills Across Hana, Hawaii
In Hana, located in Kauai County, HI, property tax bills are calculated based on the assessed value of the property. The assessed value is determined by the county assessor and represents the market value of the home. For homeowners in Hana, the median home price is a staggering $7,603,200. The property tax rate in the region plays a crucial role in determining the final tax bill. Factors such as property type, location, and any applicable exemptions or deductions are considered when calculating the tax bill. In Hana, the tax bills for the 25th, 75th, and 90th percentiles are all $22,088, indicating a uniformity in tax assessments across different property values. This amount is significantly higher than the national median property tax rate of 0.99%, reflecting the high property values in the area. For homeowners, these property taxes can represent a substantial annual expense, affecting overall affordability and the cost of living in this picturesque region.
Average Hana Tax Bill
$22,088
Average Kauai County Tax Bill
$2,304
Average Hawaii Tax Bill
$2,234
Average United States Tax Bill
$2,690
Property Tax Bills Across Hana, Hawaii
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 96754 | $22,088 | $22,088 | $22,088 | $22,088 | $22,088 |
Source: Ownwell