Kaumakani, Hawaii Property Taxes
The median property tax rate in Kaumakani, HI is 0.58%, considerably higher than both the national median of 0.99% and the Hawaii state median of 0.29%. With the median home value in Kaumakani, the typical annual property tax bill reaches $133,496, far exceeding the national median of $2,690. Property taxes in Kaumakani 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 Kaumakani'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 Kaumakani 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
Kaumakani, Hawaii Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.58%
Estimate Property Tax Bill
$132,675
Ownwell’s Kaumakani Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Kaumakani with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Kaumakani 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 Kaumakani, Hawaii
Property taxes in Kaumakani, Hawaii, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Kaumakani is 0.58%, which is significantly lower than the U.S. national median of 0.99%. Local government entities within Kaumakani set these rates annually, and they can vary significantly across different neighborhoods. Each year, Kaumakani 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 Kaumakani's effective property tax rate to other areas in Hawaii and the national median. For comparison, the 96747 zip code has the highest median property tax rate of 0.58%, while the same zip code also has the lowest median tax rate of 0.58%. Understanding how these cities compare with Kaumakani provides valuable insights into the varying tax landscape across Kauai County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Kaumakani Tax Rate
0.58%
Average Kauai County Tax Rate
0.28%
Average Hawaii Tax Rate
0.29%
Average United States Tax Rate
0.99%
Property Tax Rates Across Kaumakani, Hawaii
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 96747 | 0.58% | 0.58% | 0.58% | 0.58% | 0.58% |
Source: Ownwell
Property Tax Assessment Values Across Kaumakani, Hawaii
In Kaumakani, 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 Kaumakani, 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 Kaumakani helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills are both $133,496, found in the zip code 96747.
Property Tax Assessment Values Across Kaumakani, Hawaii
Source: Ownwell
$594,500
$11,734,750
$22,875,000
Average Kaumakani Assessed Value
$22,875,000
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 Kaumakani, Hawaii
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 96747 | $22,875,000 | $22,875,000 | $22,875,000 | $22,875,000 | $22,875,000 |
Source: Ownwell
Property Tax Bills Across Kaumakani, Hawaii
In Kaumakani, located in Kauai County, HI, property tax bills are calculated based on the assessed value of the property, which is determined by the county assessor. This assessed value is a percentage of the property's market value. The local tax rate is then applied to this assessed value to determine the annual property tax bill. For homeowners in Kaumakani, the median home price is significantly high at $22,875,000, resulting in substantial property tax bills. For instance, the tax bills at the 25th, 75th, and 90th percentiles are all the same, standing at $133,496. This figure is considerably higher than the national median property tax rate of 0.99%, reflecting the area's high property values. These high property taxes can have a significant impact on homeowners, influencing their overall cost of living and potentially affecting decisions related to property ownership and investment. The consistency in tax bills across different percentiles also indicates a uniformity in property values within the region.
Average Kaumakani Tax Bill
$133,496
Average Kauai County Tax Bill
$2,304
Average Hawaii Tax Bill
$2,234
Average United States Tax Bill
$2,690
Property Tax Bills Across Kaumakani, Hawaii
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 96747 | $133,496 | $133,496 | $133,496 | $133,496 | $133,496 |
Source: Ownwell